Ocwen will have plenty of "high touch" loans to work on when it finally takes control of the OneWest portfolio. Meanwhile, the second lien market is heating up.

Mortgage production volume remained fairly steady in the second quarter as a growing purchase-mortgage market helped offset a weakening in refinance lending, according to a new ranking and analysis by Inside Mortgage Finance. Mortgage lenders originated an estimated $495.0 billion of home loans during the second quarter of 2013, down just 1.0 percent from the first three months of the year. That pushed year-to-date production volume to just shy of $1 trillion, and put the market 14.4 percent ahead of the pace set during the first six months of 2012. It figures...[Includes two data charts]

Although Wells Fargo promised some JVs that everything was "fine" earlier in the year, the megabank is now exiting the joint venture space.

The jumbo loans in the new Redwood deal are relatively young. But 72 lenders are feeding mortgages into the security.

If the CFPB is successful in its case against Castle & Cook, will the loan officers have to pay back the bonus money?

During the debate, Committee chairman Jeb Hensarling accused Democrats of protecting the status quo by defending the current Fannie and Freddie dominated regime.

Amherst Securities said the risk-share deal was structured in a way that it will likely never take a loss.

Not only have Fannie Mae and Freddie Mac staged a comeback, but so has MGIC. The MI giant finally turned a profit and sees better days ahead.

The rating services have raised concerns about the representations and warranties on the new JPM jumbo deal as well as geographic concentration risk.

On average FHA took 340 days to sell REO properties based on dispositions from January 2008 through June 2012, compared to just over 200 days for Fannie, Freddie and VA.