According to the IMA offering circular, the seller is a “Southwest, independent mortgage banking entity with strong financials and a highly experienced senior management team.”

In trading Tuesday, Impac’s common was selling for $9.15, which means the 500,000 shares could be worth $4.5 million.

The division, Arch Mortgage Guaranty Corp., has been rated A3 by Moody’s Investor Service, the highest rating an MI can receive.

The FHFA is still evaluating input regarding g-fees and but Watt has no idea if they will be reduced, increased or kept at their current levels.

"Contrary to the fable told by the left, the root cause of the financial crisis was not deregulation but dumb regulation," said House Financial Services Committee chairman Jeb Hensarling, R-TX.

“Sub debt is a good way to grow your business without it being dilutive to your company,” said Bill Dallas, CEO and founder of Skyline Lending.

Final testing and training for IOPP began this winter, with deployment expected “in early 2015,” Ginnie Mae said.

Declining interest rates don't appear to have affected the servicing auction market much.

Ocwen denied that there is any basis for a default under the trust agreements...

Sterne Agee estimates that such settlements could cost the nation’s fourth largest servicer $496 million.