Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.

Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.

Its captive insurance affiliate, CYS Insurance Services, became a member in the FHLB of Cincinnati in March of this year.

However, in a final note on the companies, FBR analyst Paul Miller called PMMIT an “outperform,” while giving it a price target of $20…

The megabanks – Wells Fargo, JPMorgan Chase, Bank of America and U.S. Bank – ranked first through fourth, respectively, with a combined agency market share of 40.3 percent at Sept. 30.

Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.

During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.

As the head of the NAIHP, Savitt has been a frequent critic of the Consumer Financial Protection Bureau...

Phoenix Capital is out with a new “flow” servicing offering where the seller will deliver $40 million to $50 million per month in Fannie Mae and Freddie Mac product.

In other GSE news, the Senate version of legislation to cap CEO salaries at Fannie and Freddie is moving along and a vote could happen this week…