In a somewhat uncommon move, Progress increased a planned issuance after presale reports on the deal were already published.

The lender/servicer suffered another blow this spring when it revealed that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”

GreenBox was the top contributor to the new nonprime MBS with Sprout Mortgage a close second…

It hasn’t been a pretty month for Walter Investment Management, the publicly traded parent company of the nation’s eighth largest servicer. And it could get even uglier by the time summer is out. Not only is Walter in danger of being kicked off the New York Stock Exchange – for having a share price of less than $1.00 for too many days – but investors appear to have given up on the company and the idea that a restructuring, now in progress, will yield positive results. If Walter is...

Former Ginnie Mae President Ted Tozer will join the board of PennyMac Financial Services, the nation's fourth largest home lender, in August.

The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years…

“Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia.

The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...

Over the past two years PIMCO has been a major buyer of nonprime/non-QM whole loans in the secondary market…

A press statement on the sale included no production or servicing information for either company…