Flagstar sold $8.0 billion of residential servicing rights during the first quarter compared to $6.7 billion in the fourth quarter.

Nonbank mortgage firms increased their servicing portfolios by 3.0 percent during 1Q17, more than double the 1.3 percent increase in total Fannie/Freddie servicing during that period.

Such loan terms as “temporary financing” and “automated underwriting system” would be clarified…

Fitch notes that New Residential Investment Corp., a publicly traded REIT, owns $118.7 billion in servicing rights that are being subserviced by Ocwen.

A Fannie spokesman stressed that this effort in no way represents the GSE getting into the student loan business…

The company adds: “Under these circumstances, Ocwen has a responsibility to its customers, shareholders, and employees to vigorously defend the company.”

Matrix Financial Services edged out Lakeview Loan Servicing as the top acquirer of servicing rights through co-issuance deals…

The MSR portfolio that MIAC is selling has an average FICO score of 672…

The Sterling loans tend to have tighter underwriting characteristics than Caliber’s contributions.

Meanwhile, over at the Pasadena, CA-based CALCAP, its use of third-party brokers to make loans is just getting underway.