The share price of Ocwen Financial recently fell to a 52-week low of $18.47, a 70 percent decline that has wiped out at least $5 billion in market equity.

Wells Fargo's origination market share keeps dropping, but is still more than double that of its closest competitor, JPMorgan Chase.

Once word leaks out that a mortgage company is a takeover target, many LOs start weighing their options, contacting competitors who tried to recruit them in the past.

Meanwhile, 84 lenders contributed to Redwood’s pending issuance, led by First Republic Bank with a 32.6 percent share.

In three-plus years of originating subprime mortgages, Citadel has suffered two foreclosures and a handful of delinquencies, but no losses.

When rates take a noticeable dive – as they have the past few weeks – mortgage lenders contemplating a sale sometimes have a change of heart, opting to ride the new production wave. But this time around, that doesn’t appear to be the case. “Most every lender I speak to understands this to be a very temporary event prior to a relatively cold and uncertain winter,” said M&A advisor Rick Roque of Menlo Company. Over the past two months, Inside Mortgage Finance has found 10 publicly announced M&A transactions with several more likely signed that weren’t disclosed. Roque, who’s working on several deals, said...

Ocwen Financial has a huge mismatch between the size of its $400 billion servicing portfolio and its new originations. Then again, its MSRs are running off...

Ocwen chief Bill Erbey noted that the settlement amount might be materially higher and include requirements beyond a monetary penalty.

Young doctors just out of medical school can be good non-QM credit risks. Of course, there's all that student loan debt to consider...

Former FHFA Acting Director Edward DeMarco wanted to shrink the multifamily programs of Fannie and Freddie, but that initiative has been placed on the back burner.