Not only has BofA reduced its presence in the FHA market, but it keeps dumping its Ginnie Mae servicing rights...

Meanwhile, servicing income at EverBank fell 26 percent to $26.9 million. Gain-on-sale revenue also fell 26 percent – to $24.7 million.

Mortgages sold and securitized by Flagstar fell 29.4 percent.

Flagstar is the largest depository remaining as a table funder of mortgages through loan brokers...

In another sign that the mortgage market is continuing to heal – at least from the borrower perspective – consumer complaints to the CFPB about their mortgages continued to drop, falling broadly and by double digits in every category tracked by Inside the CFPB during the fourth quarter. Leading the way during 4Q15 was a 45.1 percent plunge in consumers disputing a company’s response to an original complaint, our analysis of information from the consumer complaint…

Loan brokers were slightly more purchase-focused than retail lenders...

The NPLs that Freddie Mac wants to sell currently are being serviced by Nationstar Mortgage.

But all is not rosy. At JPM, mortgage servicing balances continue to decline and the bank’s executives expect production margins will compress as origination volumes diminish…

As the Home Affordable Refinance Program ushers in its last year, the Federal Housing Finance Agency has charged Fannie and Freddie with developing an alternative to the popular refinance program created in 2009 to help underwater borrowers. Originally set to end in December 2013, the HARP program has been extended twice and will be put to rest on Dec. 31, 2016. At that time, the FHFA said the GSEs should have a high loan-to-value ratio refinance program in place and ready to kick off in January 2017. The FHFA’s 2016 scorecard for the GSEs directed Fannie and Freddie to “finalize post-crisis loss mitigation options for borrowers, including loan modifications, and develop an implementation plan and timeline.”

The count for the Garden State is almost double the national average of 629 days...