Fun fact: Over the past five years, the nonbank share of the agency servicing market has almost doubled and now stands at 47.2%...

Believe it or not, the two mortgage giants are much closer to getting out from under the FHFA’s thumb than most observers expect…

Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...

Higher-priced mortgages are a regulatory designation based on the comparison of the annual percentage rate on a mortgage with the average prime offer rate, which tracks rates offered to prime borrowers.

One analyst who has written extensively on the recap-and-release topic estimates the advisory contract could be worth $20 million to $30 million...

Angel Oak issued two non-QM MBS earlier this year that each topped $600 million. The new offering is sized at $353 million.

BofA no longer reports mortgage earnings separately in its quarterly results. Residential finance is housed in the company’s community banking division, which reported net income of $3.3 billion in 3Q19, a slight gain from the prior period.

One servicing advisor told us he anticipated his clients (smaller shops) would likely take a hit of 2 to 5 bps on their MSRs, but it looks like the big boys are reporting numbers that are worse than that...

Industry analysts attribute the rise to a search for yield by investors along with increased acceptance of non-QMs in the investor community.

The warning comes in the wake of a Government Accountability Office report identifying weaknesses in FHA’s oversight of HECMs, particularly in monitoring, performance assessment and reporting.