Big changes coming to the FHA condo market? Look for a big announcement on Wednesday...

PennyMac Financial Services, the nation's seventh largest residential servicer, had much better results on its hedges…

Fitch: “As long as Fannie and Freddie remain in conservatorship and continue to be supported by the substantial funding under the PSPA, their ratings will continue to be linked to the U.S. sovereign rating."

There’s also a lag time involved. A deal might be signed and completed but the MSR portfolios might not actually transfer to the new owner for several months.

UWM CEO Mat Ishbia: “I’m not a person that believes the expiration of the patch is going to be a major industry event.”

Francois Grunenwald, Ocwen's new SVP and CAO, is a graduate of the University of Paris. His signing bonus (just for taking the job) is $100,000. He joins the nation’s 12^th largest servicer from PricewaterhouseCoopers…

New Rez’s investment bankers on the preferred stock offering include Bank of America, JPMorgan, KBR and others…

Two questions – one about language preference and another about homeownership education and housing counseling – will be removed from the GSE application.

First Republic Bank is the top contributor to the MBS, with a 27.1% deal share. Other lenders with mortgages in the MBS include Banc of California, loanDepot and Nationwide Bank. The loans have seasoned for an average of 18.7 months.

The volume of highest-risk loans rose over that period, but at a relatively slower 25.1% rate.