Mortgage firms that hope to acquire other companies can expect to pay anywhere from $200,000 to $500,000 in due-diligence costs as they put their targets under the financial microscope, according to interviews conducted by Inside Mortgage Finance over the past few weeks. The price quotes can vary greatly depending on the size of the company being targeted, especially if there’s a servicing portfolio and platform that needs to be looked at. “The cost absolutely varies...

The HUD auction has two parts: A national offering of roughly 23,200 loans and a Neighborhood Stabilization Outcomes Pool of 4,800 notes.

As reported by IMFnews, the FHFA has yet to appoint a permanent chief executive and chairman for the CSP, formally known as Common Securitization Solutions.

Seven lenders reported net losses during the first three months of 2014, but 12 of the firms showed stronger results than they had in the fourth quarter of 2013.

Taken as a barometer of industry activity, Wells Fargo's prediction is hardly good news for a business that is facing an ugly 40 percent decline in fundings this year.

The Nationstar spokesman noted that Rodgers’ production duties were assumed by Chad Patton, a senior executive for business development at the nonbank lender.

It appears that CashCall is getting closer to finalizing a deal to sell some of its production assets to the publicly traded Stonegate Mortgage.

The negative results on residential production mean more lenders are relying on servicing rights to carry them through the tough times.

Loan modifications that reduce principal and interest payments by at least 10 percent perform significantly better than other mods, according to the Office of the Comptroller of the Currency.

New York regulator Benjamin Lawsky also questioned the efficiencies touted by nonbank mortgage servicers, countering that “technology alone does not keep a family in its home."