PHH Corp. and Nationstar Mortgage – both top 10 ranked residential servicers – recently filed to sell debt securities, an odd situation for two companies struggling with low share valuations amid a lack of confidence among both investors and stock analysts. The lender/servicers also have unveiled stock buyback programs, though such announcements usually represent a desire to do so, and not a contractual obligation. PHH’s Form S-3 filing with the Securities and Exchange Commission offers...

A surge in sales of mortgage servicing rights by banks to nonbanks is likely over, according to industry analysts. As regulatory oversight remains a concern, the use of subservicing is expected to increase, with troubled loans handled by specialists. “The frequency of MSR transfers will remain low, even though buyer interest in MSR transfers may rise from 2015 levels,” according to analysts at Moody’s Investors Service. Analysts at Bank of America Merrill Lynch added...

Chase’s nine-month USDA volume translated into a 31.0 percent market share.

The receivables are dominated by Texas collateral at almost 62 percent.

The OCC said the mortgage-related fine against Chase was due to the servicer’s actions from December 2011 through November 2013...

The Two Harbor deal ends a span of 31 days without a presale report for a new non-agency security.

Industry consultant Joe Garrett is advising his clients to keep a “concession log…”

As IMFnews went to press, Stonegate Mortgage was suffering the most among real estate finance-related stocks, down 7.16 percent on the day.

Nationstar Mortgage is laying the ground work for a huge debt sale. But what will it use the money for?

If Kurland sells all of the shares he registered, it will leave him with 424,025, making him (still) the largest individual shareholder in the publicly traded REIT.