If anything, the second quarter might be remembered as a period in which banks hiked their MSR values significantly.

Wells Fargo blames regulations for ending its mortgage JVs. Meanwhile, how did the CFPB unearth its information on 'up-selling' at Castle & Cook?

At the end of April, the re-default rate on HAMP loan modifications topped 46 percent for restructurings completed in 2009.

Among the top 20 lenders in the nation, PennyMac and Nationstar had the highest growth rates, according to new figures compiled by Inside Mortgage Finance.

Loan applicants did whatever they could to protect their rate lock-ins, according to the MBA.

FHA chief Carol Galante expressed concern about the absence of any provision in the bill that would ensure servicer accountability for their performance.

The MSR market continues to percolate with two new deals from Interactive Mortgage Advisors.

Ocwen will have plenty of "high touch" loans to work on when it finally takes control of the OneWest portfolio. Meanwhile, the second lien market is heating up.

Some of the nation’s largest banks – including Bank of America, JPMorgan Chase and Wells Fargo – have begun cutting mortgage production workers as refi applications decline. But it remains to be seen just how many of the 215,000 full-time mortgage-related positions – excluding loan brokers – will see pink slips over the rest of the year. “What we’re seeing is a natural outcome of contraction as the market slips and changes to a purchase business,” said Dave Stevens, president of the Mortgage Bankers Association. He declined to give any job cut estimates, but predicted that residential lenders of all different charters and types will move to “right-size their organizations.” Some bearish industry officials believe...

Although Wells Fargo promised some JVs that everything was "fine" earlier in the year, the megabank is now exiting the joint venture space.