David Steckel of Bank of America said his institution has focused on capturing more of the customers who fit into the company’s credit box rather than making that box bigger.

Any refunds paid by the originator must occur within 210 days after the loan is made.

To account for the risk posed by the small loan pool, Fitch applied a penalty of 1.07-times (a 7.0 percent penalty) to the lifetime default expectations for the MBS...

One servicing analyst told IMFnews that if Ocwen continues to get downgraded on its servicer ratings it could be forced to sell MSRs and/or post additional capital.

Interactive Mortgage Advisors has launched RealPartner.com, a crowd funding platform giving accredited investors access to performing residential mortgages...

The new jumbo security from JPMorgan Chase is scheduled to be issued on Oct. 30.

However, there was some good news. Flagstar reported residential originations of $7.19 billion, a 21 percent gain from 2Q.

An investor in GSE stock, Continental’s counsel in the case is Cooper & Kirk, the same law firm that represents Fairholme, a large hedge fund that bought up GSE stock last year.

One former CEO candidate told IMFnews that back when he was approached about the job, the starting salary for the position was at least $400,000.

We even heard one report that a non-QM firm is contemplating an initial public offering. It sounds crazy, we know…Meanwhile, it appears the states want a say in MSR transfers...