Is the bulk MSR market in the doldrums?

Overall, delinquencies remained below levels seen a year ago...

HUD's Neighborhood Watch system is down, but this cabinet level agency has no explanations for the press or public

Some lenders, such as PennyMac, have promoted the no-downpayment feature in their media advertisements.

Nonbank mortgage lenders are starting to complain more loudly about the length of time it takes to get their loan officers approved to do business in New York state, quoting approval times that can take anywhere from 90 to 120 days – and that’s for an application with no “red flags.” A mortgage consultant who works closely with nonbanks estimated that some of his LO clients have waited as long as six months, including both new LOs and bank loan officers who are transferring to a nondepository. Requesting anonymity, he said...

In the second quarter of 2015, 66.4 percent of loans sold to the GSEs had credit scores of 740 or higher.

Ocwen faces the potential loss of non-agency MBS servicing on two fronts but so far investors are not pulling the trigger...

About three years ago, some investors – private equity firms and hedge funds in particular – started purchasing NPLs as a cheaper alternative to buying foreclosed homes.

A spokeswoman for Wells noted that loan volumes for closed-end seconds “was a small percentage of our business.”

If rates continue to head south it could result in large hedging losses and markdowns on mortgage servicing rights.