Edens is a principal and co-chairman of Fortress Investment Group, a publicly traded investment fund that happens to own 66.2 percent of Nationstar’s stock.

Can rates go any lower than this? Time will tell...

Most of the second-quarter gain came from the residential MBS sector…

A limited number of mortgages with TRID errors have already been included in jumbo MBS…

Mortgage bankers that trade in the to-be-announced MBS market will be exempt from the initial margin requirements associated with the Financial Industry Regulatory Authority’s revised Rule 4210, which was approved by an order of the Securities and Exchange Commission last week. Under the rule, as amended now three times by FINRA, market participants who trade TBAs will have to post an initial “maintenance” margin of 2 percent of net position size, along with an on-going variation margin, which will be subject to a $250,000 minimum transfer amount. However, the SEC order provided...

As Tim Rood of The Collingwood Group noted: An investor can buy a mortgage at 65 cents on the dollar, “notify the borrower they are eligible for a note mod down to 80 cents on the dollar and voila!”

The FHFA promises it will provide regular updates on NPL sales going forward…

The product for sale is concentrated in Arizona, California, Florida and Texas.

A new report from Deutsche Bank estimates that a 3.5 percent rate on mortgages “puts roughly two-thirds of borrowers in the money to refinance…"

Thanks to the megabanks turning “Chicken Little” on mortgages, the nonbanks have gained market share…