Nonbank mortgage servicers expanded their footprint in agency mortgage serving rights during the third quarter of 2016, according to a new Inside Mortgage Finance analysis.

Ginnie Mae this week announced a policy change to ease investor fears about the rapid streamline refinancing of some loans in Ginnie I mortgage-backed securities pools and the effect of faster prepayments on mortgage securities investments.

According to investment bankers, there continues to be plenty of talk about mergers and acquisitions in the mortgage industry, but deals just aren’t getting done for the simple reason that the primary targets – midsized nonbanks – are posting strong profits and want top dollar for their franchises. “We’re still having conversations with potential buyers,” said Chuck Klein, managing partner with Mortgage Banking Solutions, Austin, TX. “But there continues to be a wide gap between the bid and the asking price.” Klein also noted...

If rates rise enough, will refis fall by 50 percent?

Back in August, Incenter Mortgage Advisors auctioned off one of the largest bulk packages of Ginnie Mae servicing rights in quite some time: An $8.87 billion pool of receivables…

The FHFA said internal audits at the housing GSEs should cover the entire audit universe over a four-year period…

One mortgage CEO who has been contacted by Wornow said he’s in the process of starting his own capital markets company.

The private MI share of agency purchase loans rose from 26.9 percent in the second quarter to 27.8 percent in the third.

The comment period on the amendments ended Tuesday night. The CFPB will issue a final rule sometime next year.

New Residential continues to be hungry for mortgage servicing rights...