According to exclusive figures compiled by Inside Nonconforming Markets, roughly $320.0 billion in subprime mortgages were outstanding at March 31, 2015.

“This should be terrific for our company,” said Michael Nierenberg, New Residential’s president and CEO, during a recent conference call with investors. “We expect sustainable earnings as a result of our long-term deal pipeline.”

Existence of the probe was mentioned in the same paragraph about the NY SEC investigating Ocwen’s business dealings with affiliate companies such as Altisource...

Among other actions, Ocwen entered into an agreement in April to receive up to $125.0 million of backup financing for new loan originations...

Upwards of $500 billion of mortgage servicing rights could change hands this year. But maybe that estimate is too low...

Several hard money lenders are involved in financing flippers, charging interest rates that are several percentage points above the going Fannie Mae/Freddie Mac rate.

The top contributor to the new WinWater deal is PrimeLending with a 15.6 percent share.

Jay Bray, Nationstar’s current CEO, will assume the role of president effective June 1.

Annaly remained the biggest REIT investor in MBS, although its holdings were down 14.9 percent from the fourth quarter.

More trouble for Ocwen: the corporate jet has been yanked!