Ocwen is still active as a bidder on MSR packages, focusing on smaller transactions these days.

Ginnie Mae this week unveiled a position paper outlining its views and new strategies for its mortgage-backed securities program with greater emphasis on liquidity and on the preservation of servicing rights both as an activity and as an asset class. During a conference it sponsored this week, Ginnie announced a number of initiatives that would help the agency adapt its complex financial and operational structures to a post-crisis secondary mortgage market in which non-depository and smaller institutions are playing a bigger role. Ginnie underscored...

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

DBRS isn't mincing any words: “Compared with other post-crisis representations and warranties frameworks, this transaction employs a relatively weak standard..."

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

Broker originations also had a significantly larger average loan amount, $230,082, than the other channels.

FHFA's Bob Ryan said the GSE regulator has concerns that decreasing loan limits or increasing g-fees would limit access to credit.

As the mortgage M&A market chugs along in the coming year, Guild hopes to be a buyer.

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...

Bob Behal, a principal and co-head of ABS and commercial MBS investments at Vanguard Group, said liquidity in the market is fair.