It hasn’t been a pretty month for Walter Investment Management, the publicly traded parent company of the nation’s eighth largest servicer. And it could get even uglier by the time summer is out. Not only is Walter in danger of being kicked off the New York Stock Exchange – for having a share price of less than $1.00 for too many days – but investors appear to have given up on the company and the idea that a restructuring, now in progress, will yield positive results. If Walter is...

Former Ginnie Mae President Ted Tozer will join the board of PennyMac Financial Services, the nation's fourth largest home lender, in August.

The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years…

The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...

A press statement on the sale included no production or servicing information for either company…

Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...

Outstanding MBS servicing at Fannie actually declined slightly in the second quarter…

Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.

In late May, Walter disclosed in an SEC filing that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”

Walter Investment filed a WARN notice with the Texas Workforce Commission, saying it will close its Irving, TX, office and cut 437 workers...