Quicken entered the market as an issuer of prime non-agency MBS in October of last year.

The new model could prove more attractive to portfolio and jumbo lenders who sell their loans into non-agency MBS…

In December, Mr. Cooper reported that pre-tax profit margins on originations fell to 1.1% in October and November from 1.3% in the third quarter.

Not a good sign: The three banks in the top five shed a combined $38.1 billion during the final three months of the year…

Vista Point Mortgage was launched about a year ago by Bill Ashmore, the former president of Impac Mortgage Holdings.

In a few weeks, Ocwen will report fourth quarter results. In trading Wednesday, its common was fetching $1.28 compared to a 52-week high of $2.45 and a low of $1.24.

Ryan, though, is quick to point out that the single security initiative is largely successful, not a surprise since he played a key part in its rollout.

As most residential stakeholders know, nonbank risk is an issue that has caught the eye of the Federal Housing Finance Agency and the Department of Housing and Urban Development because nonbanks are major counterparties to Fannie Mae, Freddie Mac as well as Ginnie Mae.

Kristy Fercho of Flagstar said the bank is comfortable with the CFPB’s plans, noting the transition to a new measure for QM status should be “pretty easy to manage.”

To date, Odeon has published 55 comments on the GSEs in the past 12 months…