“It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.

Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”

Second-ranked Chase Home Finance serviced $176.60 billion of jumbos at June 30, up 4.1 percent compared to 1Q16…

For now, Caliber isn’t commenting on PHH and the latter isn’t discussing anything to do with a sale of its assets.

Impac president Bill Ashmore said that at the end of 2Q, the lender had a $115.0 million pipeline of non-QM originations, about level compared to the pipeline the lender had at the end of the previous quarter.

Freedom had $13.27 billion of originations in the second quarter, up 42.5 percent from the previous quarter, according to Inside Mortgage Finance.

HUD said the final rule will create efficiencies in property disposition and help HUD obtain the greatest value for REO properties.

JPMorgan Chase is a step closer to settling a dispute with Deutsche Bank and the Federal Deposit Insurance Corp. over certain mortgage securitization agreements in connection with the government’s takeover of failed mortgage lender Washington Mutual. According to Chase’s most recent 10-Q filing with the Securities and Exchange Commission, the firm, Deutsche Bank and the FDIC have signed a term sheet to resolve pending litigation brought by the German bank against Chase and the FDIC in relation to WaMu as well as Chase’s outstanding indemnification claims pursuant to the terms of the purchase-and-assumption agreement with the FDIC. The term sheet is subject...

All seven of the nation’s active MIs reported hefty increases in flow volume…

A handful of investors, including Caliber Home Loans, are kicking the tires at PHH Corp., taking a close look at the company’s mortgage assets and platforms, investment banking sources told Inside Mortgage Finance this week. At this point in time, a sale of the company through a stock transaction is highly unlikely, but the disposal of some of its key assets – in particular, its $231.74 billion servicing portfolio – could finally materialize before yearend. It’s...