While higher-priced lending is on the rise, pricing on these originations isn’t nearly as high as it was in the subprime boom.

Fitch does not single out any servicers by name, but it’s common knowledge that both Ocwen Financial and Nationstar Mortgage have thousands of servicing-related workers housed in India...

The Wells-Ocwen MSR deal is still waiting for Lawsky's green light. But when that will come is another matter...

Five Oaks plans to buy some of the subordinate tranches of the new jumbo MBS.

Pulte Mortgage will install a “modest price” adjustment on its non-QM loans.

Sources close to the matter noted that Ocwen is involved, but it’s not a trade group.

The Treasury Department will have a key role in developing a $1 billion "test" non-agency security.

The Treasury Department is considering working with an issuer to sell a non-agency MBS that would serve as a benchmark transaction, according to agency officials. The goal of the issuance is to attract investors to the sector and create a standard term sheet for issuers. “The Treasury is thinking about facilitating one or more benchmark transactions,” Michael Stegman, counselor to the Treasury Department for housing finance policy, said this week at the ABS East conference produced by Information Management Network in Miami Beach. He said...

The megabanks also decreased their use of interest rate reductions on loan modifications...

In other words, mortgage banking is now supposed to be a “sure thing” where no one – and we do mean no one – takes on risk or fails. Ever.