Compared to the second quarter of last year, revenues at Walter declined an ugly 54.6 percent to $187.5 million. In other words, Renzi has a lot to turn around…

In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.

Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...

Although delinquencies on commercial MBS rose for a fifth straight month during July, predictions of a bust have not developed and many analysts are starting to feel more comfortable with the sector, especially in regard to multifamily credits. According to figures compiled by Trepp, the overall delinquency rate on U.S. CMBS increased 16 basis points during the month to 4.76 percent. The percentage of loans considered seriously delinquent increased 19 bps to 4.67 percent. This compares...

Many servicers increased their jumbo portfolios during the second quarter, including both banks and nonbanks, according to a new ranking and analysis by Inside Nonconforming Markets. A group of 30 servicers handled an estimated $863.40 billion in jumbo mortgages as of the end of June, up 2.0 percent from the previous quarter and up 10.7 percent from the same time last year. Wells Fargo, the top jumbo lender, is also the largest jumbo servicer ... [Includes one data chart]

Among the top 15 subprime servicers, only Caliber Home Loans increased its portfolio during the second quarter of 2016, according to a new ranking and analysis by Inside Nonconforming Markets. Caliber handled $18.62 billion in subprime mortgages as of the end of June, up 4.4 percent from March. During that span, the total amount of subprime mortgage outstanding fell by 4.2 percent to an estimated $275.00 billion. Caliber has been originating ... [Includes one data chart]

S&P Global Ratings upgraded servicer ratings for Ocwen Loan Servicing to average from below average this week. Ocwen’s stock price increased significantly after the upgrade because of ratings clauses in Ocwen’s subservicing agreements with New Residential Investment. S&P downgraded Ocwen’s servicer ratings in June 2015 and if the ratings weren’t raised by April 2017, New Residential could transfer the subservicing to a different company. As of the end of ...

Most of the new requirements under the CFPB servicing rule will take effect in a year…

Several mortgage brokers believe their industry wasn’t well represented on the panel…

The $1.5 billion offered by MIAC has an average interest rate of 4.22 percent and delinquencies of 2.65 percent.