Wells Fargo – the nation’s largest home lender and servicer – has apparently won the bid for Seneca Mortgage and its $53.6 billion servicing portfolio, sending shockwaves through the market. But as Inside Mortgage Finance went to press this week, the jury was still out on whether this was a “one-off” opportunistic purchase or, perhaps, the start of a trend toward depositories showing renewed interest in mortgage servicing rights. For now, Wells isn’t...

Federal banking regulators announced this week that capital requirements set to take effect in January for all but the biggest banks would be suspended under a proposed rule. The proposal applies to Basel III capital requirements for mortgage servicing rights, among other items. The regulators said they are developing a proposal that would simplify capital rules to reduce regulatory burden, particularly for community banks. The proposed suspension generally applies to banks with less than $250 billion in total assets. Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp., said...

Starwood didn’t disclose the volume of non-QMs it has acquired at this point.

Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…

Wells Fargo regained the title of the top non-agency jumbo lender in the second quarter, besting Chase…

PHH is in the throes of transforming from a business predicated on private-label originating and servicing to being mostly a subservicing vendor.

Nonbank home originators continued to dominate the top five FHA rankings...

Our ranking of the nonconforming sector is divided among lenders that specialize in the products and those where it accounts for a small slice of production.

Hively’s resume includes stints at Goldman Sachs (where Nichols also worked), New Century Mortgage Co., and Option One Mortgage.

Having enough money to make a downpayment was a concern of 63 percent of millennial respondents…