The irony of the regulatory call: Many nonbanks are posting record profits and six firms are in the process of IPOs...

One veteran trader said he’s seeing “lots of smaller [EBO] pools” in the market...

Attorney Joann Needleman: "The transition team that Biden has put together to look at the CFPB is extremely telling"...

The industry-wide servicing-for-others total was down $99.41 billion from June, a 3.0% quarterly decline. With a handful of exceptions, the banking sector has reported quarterly declines in SFO since the end of 2009.

The big question for the industry: Once production finally slows next year, will lenders trim retail and opt to use brokers since the latter only get paid if the loan closes?

Meanwhile, over at Fannie Mae, repurchases fell 19.7% to just $12.7 million.

Late this week there was talk in the market of two fairly large packages up for grabs: a $13 billion portfolio of conventional mortgage servicing rights and a $25 billion offering...

Caliber hopes to go public one of these days, while Freedom presently has no desire to test the IPO waters.

Attorney Jan Keas: “I think a logical question you always want to ask about social media activity is why are you doing what you are doing..."

The list of nonbanks involved in Ginnie buyouts is beginning to grow...