One observer called the $1.2 billion “chump change” for Wells.

We also are hearing reports that TRID errors and closing delays definitely will be affecting first quarter 2016 earnings, at least for certain nonbanks…

Mortgage firms that are thinking about selling are 15 to 25 years old, said one M&A advisor...

Earnings are high at most nonbank lenders these days, which makes them attractive to investors...

However, the VA market grew more than the FHA market last year, up 13.5 percent from the end of 2014…

Kvetching about mortgage servicing was down sharply too, off 23.1 percent compared with the third quarter.

The subservicer started charging the borrower various attorney fees after completing the modification and didn’t respond to the mortgagor’s questions about those fees in a timely matter...

In the announcement on dropping coverage, FBR quoted PHH management as saying “organic growth is hard to come by, strategic initiatives are taking longer to achieve, and prepayment speeds on the company’s MSR are still elevated…”

Although Wells does not own the shares per se, it shows that some of the bank’s wealthier clients are speculating in Ocwen’s stock.

Super-jumbo lenders take note: Hugh Hefner’s Playboy mansion is now officially for sale.