PHH said it will subservice the loans for New Residential "for an initial period of three years, subject to certain termination provisions."

The sale proceeds exclude estimated transaction fees and expenses of roughly 5.0 percent...

Tim Howard, a former Fannie Mae CFO, called Mnuchin’s comments “a welcome reset…”

New Residential is entitled to a $10 million termination fee if the sale falls apart...

JPMorgan Chase was the only firm that saw a decline in production-related revenue during the third quarter…

The claims relating to the servicing settlement were dismissed with prejudice, which means Schneider cannot bring them again.

“Home prices cannot rise faster than incomes and inflation indefinitely.” – David Blitzer, managing director of the index committee at S&P Dow Jones.

Another non-agency lender has received a rating from Fitch: Angel Oak Home Loans...

Ginnie Mae late this month released an improved acknowledgement agreement that aims to bolster the liquidity of nonbanks seeking to borrow against the asset value of their mortgage servicing rights. In an interview with Inside Mortgage Trends, Ginnie President Ted Tozer noted that one of the chief aims of the exercise was to offer clarifications to financiers that they, as lenders, would have no legal liability should the servicer of record default on their Ginnie bond payments. “There is no liability for ...

The share of all homeowners underwater on their mortgage dropped in the third quarter of 2016 and is now at a fraction of what it was at its high-water mark, according to the latest data from Zillow. The firm found that negative equity dropped to 10.9 percent in the third quarter, down from 12.1 percent in the second and 13.4 percent a year ago. Nationally, there were fewer than 5.3 million homeowners underwater on their mortgage during the third quarter, a level far removed from the peak ...