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...

Tozer believes that with depositories in control of the Ginnie market, the regulation of lender/servicers has essentially been outsourced to banking regulators who have “vast experience” in safety and soundness.

Why short Altisource? This source reasons that as real estate values continue to improve and foreclosures slow, Altisource will have less to do going forward...

Although "legacy" MSR sales are in the tank, newer servicing rights continue to hit the market.

Although investors continue to pay premium – or close to it – prices for newly originated mortgage servicing rights, very few residential lenders have tried to securitize the underlying cash flows, leaving some market observers scratching their heads. “There are very few deals out there that I’m aware of,” said one servicing advisor, requesting his name not be used. “If a company needs cash, it’s a good option, but there’s just not much going on.” So far this year, just a handful of MSR-backed bonds have come...