The $569.11 million MBS will be the third deal of the year from Verus with a dollar volume greater than $500 million.

The Lenders One co-op is controlled by industry vendor Altisource Portfolio Solutions, which is pondering a sale. Altisource is publicly traded and started out in life as part of Ocwen…

“Expansive datasets about people’s social connections, the kinds of websites they visit, where they shop and how they talk do not have the same simple intuitive connection to each individual’s ability to repay a loan,” said Aaron Rieke, managing director at Upturn...

Rep. French Hill, R-AR, wants the QM patch to expire as well. “Allowing Fannie and Freddie to continue loading up on high-debt mortgages because of a temporary loophole has had a harmful effect on the broader housing market,” he said. 

Among the top 10 FHA direct lenders, not one was a bank. Quicken ranked first overall...

Discussing Ocwen's $89.7 million loss in 2Q19, CEO Glen Messina said, “I continue to be pleased with the results of our integration, cost re-engineering, MSR sourcing, and lending growth efforts. Despite a more challenging market and business environment to achieve MSR portfolio growth, we remain committed to strengthening the company and returning to profitability..."

In case you haven’t noticed, the share price of Fannie Mae and Freddie Mac common has been in a freefall since early June, down 32.4% each.

In the second quarter, Wells Fargo suffered a 2.0% sequential decline in its MSR portfolio while JPM's receivables dropped 1.4%...

IMA says the seller wants to establish a working relationship with the buyer to subservice the mortgages.

Fannie/Freddie "noncore" loans include conforming jumbos, mortgages with debt-to-income ratios greater than 43%, investor loans/second properties and cash-out refinances...