Ocwen Financial – once the largest buyer of “legacy” mortgage servicing rights in the secondary market – is mostly sitting on the sidelines these days when it comes to buying new product. According to servicing advisors and industry officials familiar with the company, the nonbank has been selectively bidding on smaller pools, staying away from larger deals. Meanwhile, Ocwen still hopes...

It's unclear what exactly Leslie Peeler will do at IBM Mortgage. The tech giant rarely says anything about its mortgage division.

Just how large is the non-QM market? That’s hard to say...

“Banks are really bad at servicing nonperforming loans,” said Jon Wishnia, a partner at the law firm of Lowenstein Sandler.

RPM Mortgage would love to expand its presence in East Coast markets. It also recently rolled out a non-QM product.

Hell hath no fury like an agency whose new issuers are not actually issuing (MBS)...

Soon it will be easier to use Ginnie Mae mortgage servicing rights as collateral, or so the agency hopes.

The concept of MSR-backed securities recently came to the fore again with the news that Stonegate Mortgage, Indianapolis, is contemplating a transaction.

In the last quarter, for instance, Fannie and Freddie posted combined net earnings of $5.1 billion – most of which was swept into a Treasury account.

In short, investors – if they bought mortgage stocks at their peaks – are looking at substantial losses...