It appears that PennyMac Financial Services is in the market to buy MSRs...

“We’re looking for production and we have the appetite,” said Jeff Lemieux, who heads the third-party lending channel of Bayview. "We’d like to hire them as soon as possible.”

The FHFA IG job candidate must be able to withstand "moderate to arduous physical exertion involving walking and standing, use of firearms, and exposure to inclement weather."

The sale of Shelter is one of the largest mortgage M&A deals of the past few months and could mark the beginning of an active second half of industry consolidation.

Analysts at FBR & Co. view the ban as an “earnings issue” because “replacement financing would likely be more expensive than existing financing.”

JPMorgan Chase, whose chairman and CEO Jamie Dimon has contemplated leaving the FHA program, originated $1.14 billion during the first half, a 55 percent decline from a year ago.

A handful of REITs have gained access – or tried to gain access – to the FHLB’s borrowing window through a captive insurance company.

Roughly 75 percent of the loans will come from Georgia and will be top heavy in retail product.

The top contributors to the deal are New Penn Financial with a 23.1 percent share, EverBank Financial with 20.3 percent and Quicken with 19.8 percent.

The study’s findings challenge certain beliefs about FHA lending, namely that high insurance premiums, lender overlays and low credit scores are denying many qualified borrowers access to the program.