Acting Ginnie Mae President Michael Bright: “If they don’t have money to make principal and interest payments to investors every 20th day of the month, then Ginnie MBS are in trouble.”

Two years ago, Nationstar Mortgage subserviced just $22 billion in loans. Today the figure is...

The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank.

PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.

Wells Fargo serviced $287.5 billion of jumbo mortgages as of Dec. 31, ranking first overall…

In January, the government-sponsored enterprises and Ginnie placed their guarantees on $102.48 billion of new single-family MBS, a modest 6.9 percent decline from December.

Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons.

Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.

As one servicing broker told Inside Mortgage Finance: “Wow. I didn’t see that coming.”

Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.