PHH has retained Credit Suisse Securities and J.P. Morgan as financial advisors and Jones Day as legal advisor “to assist in the process.”

Among the top 10 non-agency jumbo mortgage producers in 2015 just two are nonbanks: PHH Mortgage and Redwood Trust.

In some quarters, experts wonder how much more nonbanks can grow given capital concerns and interest rate volatility.

In dollars and cents, additional spending at Fannie totaled $726 million over the four-year period, while at Freddie the reading was a more benign $376 million.

Zais said a strategic review of the REIT will continue, including exploration of a possible sale or even a liquidation of the company’s assets.

D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...

Roughly 88 percent of lenders said they expect to grow their mortgage origination business in 2016...

Sources close to D’Urso said his termination by Radian was a “total surprise” to him as well.

PHH has been losing money and so far this year its stock price has been hammered.

The Federal Housing Finance Agency cautioned that the pilots are in their early stages...