The company has been diversifying heavily into subservicing contracts and over the past year has struck outsourcing deals with USAA and Seneca Mortgage Servicing.

At press time Wednesday, the share price of Nationstar was soaring...

Freddie purchased $91 billion of home mortgages from its seller/servicers in 2Q16, a handsome 31.8 percent improvement from the prior period.

According to KBR, falling rates trimmed MSR values by roughly 6 percent.

Impac said that while it sells production, it is now retaining more than 80.0 percent of its mortgage servicing rights.

Troubled waters are ahead for mortgage servicers as 12 of the 27 largest rated shops experienced portfolio declines in the first quarter of 2016, according to Fitch Ratings. Fitch data showed modest portfolio declines for the five banks and seven nonbanks, ranging from less than 1 percent to a little more than 6 percent. Nonbanks, totaling 17, outnumbered the banks. Statebridge Co. experienced...

Rob Branthover, a managing director at Mortgage Industry Advisory Corp., noted that purchase-mortgage originators are doing well…

Fannie Mae recently updated its loan production estimates. The GSE projects $1.78 trillion in originations this year and $1.55 trillion next year.

Ocwen Financial reported a net loss of $87.20 million for the second quarter of 2016, with most of the loss related to so-called legacy issues. A planned settlement with the Department of Justice of two lawsuits involving the Home Affordable Modification Program and FHA mortgages caused $40.10 million in pre-tax losses for the nonbank lender-servicer. The company also paid $28.10 million during the quarter to cover the cost of monitoring settlements involving federal regulators ...

CIT Group this week revealed that it was shoring up loss reserves tied to a reverse mortgage servicing operation it absorbed as part of its acquisition of OneWest Bank and its parent holding company, IMB HoldCo., last August. The loss of $167 million in discontinued operations relates to Financial Freedom, a reverse mortgage servicing subsidiary of OneWest Bank, which CIT shut down in December last year. In an earlier filing with the Securities and Exchange Commission, CIT management identified a material weakness in Financial Freedom related to estimates of the interest-curtailment reserve in its Home Equity Conversion Mortgage portfolio. The flawed estimates apparently have resulted in a material misstatement of CIT’s consolidated financial statements. Due to a change in estimates, and taking into consideration an investigation being conducted by the ...