Zais said a strategic review of the REIT will continue, including exploration of a possible sale or even a liquidation of the company’s assets.

Roughly 88 percent of lenders said they expect to grow their mortgage origination business in 2016...

PHH has been losing money and so far this year its stock price has been hammered.

How well the nonbanks have done with regulators – and dealing with volatile interest rate swings – is best looked at through the prism of their share prices. And in that regard, Ocwen Financial has suffered the most, easily.

Early last year PIMCO still had designs on RoundPoint Mortgage, Charlotte, which ranks 23rd among residential servicers, according to a tally from Inside Mortgage Finance.

After rates plunged earlier in the year, servicing auctions slowed somewhat, but are once again hitting the market.

TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.

Wall Street veteran Greg Parseghian has informed the board of PHH Corp. that he will retire as director of the publicly traded nonbank.

Mass Defection of Top Financial Services Attorneys at K&L Gates. A total of 26 top attorneys – including Laurence Platt, Phillip Schulman, Steven Kaplan, Melanie Brody and Jonathan Jaffe – have jumped ship from the K&L Gates law firm in Washington, DC, to the rival Beltway law shop of Mayer Brown. Their new Consumer Financial Services Group will advise leading financial services companies – including banks, investment banks, private equity funds, hedge funds, mortgage companies, marketplace lenders, emerging payment companies and start-ups –as well as various types of participants in the consumer credit and real estate finance arenas. Their specialized focus will include counseling clients on federal and state laws governing the making, servicing, purchase and sale of residential mortgage loans and the ...

Commercial banks and thrifts continued their years-long retreat from the business of servicing home mortgages for other investors, and some observers are questioning whether nonbanks are strong enough to pick up the slack. As of the end of 2015, banks and thrifts serviced $4.054 trillion of single-family mortgages for other investors, according to a new Inside Mortgage Trends analysis of call-report data. That was down $84.3 billion, or 2.04 percent ... [Includes one data chart]