According to a memo from Barclays CEO Tom King, “As a result, we will no longer offer residential loan trading, GNMA CMBS or CMO products.”

Also, the agency servicing market has continued to become less top-heavy.

As one source close to the company noted: Redwood “just couldn’t make the math work” in that line of business.

The SEC said Ocwen improperly used MSR valuations performed by Home Loan Servicing Solutions, a related party to which it sold the MSRs.

MGIC CEO Patrick Sinks noted that the mortgage insurer will be revising its premium rate cards soon. Stay tuned...

Although the issues cited by lenders are not FHA issues per se, some firms are concerned that TRID-related uncertainties may cause problems for their FHA business...

For some servicers, including Ocwen Financial, the math of outsourcing is simple: pay back-office workers the equivalent of $2 an hour when their U.S. counterparts can earn at least five times that.

Nonbanks don't like the idea that bank LOs can avoid passing a test...

Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.

“We’re seeing a lot of TRID flow right now,” said Rob Smialek, senior vice president of capital markets for Rincon Mortgage Trading.