Is now a time to buy into PHH?

The Blackstone Group this week finally completed its purchase of all or parts of PMAC Lending, a California-based lender that will help the investment banking firm establish itself in the red-hot West Coast mortgage market. Although the publicly traded Blackstone has maintained a cone of silence regarding its talks with PMAC, employees of the Chino Hills lender began reporting the news themselves through various social media outlets, including Facebook. At least two other nonbank lenders are in talks with Blackstone, one in California and one in Pennsylvania. A spokeswoman for Blackstone declined...

PHH would not name the private label client that did not renew.

The AIG transaction, which would transfer risk from UGI to investors, resembles previous bond deals executed by Radian and MGIC.

Redwood executives said competition has cut into margins, prompting the reduction in its forecast.

Thanks to second quarter profits posted by Fannie Mae and Freddie Mac, the Treasury Department will be richer by $8.3 billion...

Over the winter, the VA program had quietly become a much more significant factor in the government-insured market...

Residential lenders funded $445 billion in the second quarter, one of the best readings in two years, according to figures compiled by Inside Mortgage Finance.

The Fannie Mae portion of the MSRs is top heavy in California product at 44 percent of the receivables.

One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”