Flagstar Bancorp agreed Tuesday to buy the mortgage warehouse loan portfolio from Santander Bank. The deal will make Flagstar the fourth largest warehouse loan provider by commitments.

Over the past 12 months, Stearns Lending has jettisoned its delegated correspondent lending platform and recently sold most of its $23.2 billion servicing portfolio, raising new questions about the company’s direction.

Invitation Homes, the nation’s largest single-family rental operator, lost $46.0 million in the fourth quarter...

PennyMac likely will use the proceeds to buy additional servicing rights…

Flagstar also will hire Santander’s “existing" warehouse relationship managers...

“The new year has all of us in the MSR market off to a running start as we see increases in mortgage rates and lower originations leading to greater demand, allowing for improved pricing of the MSR asset,” said Tom Piercy, managing director of Incenter Mortgage Advisors, Denver.

Most complaints from seniors over the past two years centered on conventional mortgages…

The MSR auction calendar is starting to look crowded…

It appears that Pershing Square is now under water on its GSE investments...

The agency will issue seven more RFIs in the coming weeks on such topics as complaint reporting and inherited rules.