For the year banks and thrifts earned $13.54 billion from mortgage banking, a 14.2% decline from 2018.

Important lessons learned this week: What goes up, must come down; mortgage rates don't always track the 10-year Treasury; stock speculation (Fannie/Freddie) is not for the faint of heart...

Steve Harris, president of MIAC Capital Markets, New York, was particularly vocal in his summation: “Sell now or have your asset vaporize.”

At Dec. 31, the bond offered a yield of 1.92%, or 68 basis points higher, a significant difference.

Ocwen is losing a big subservicing contract with REIT New Residential but isn't worried about the development because the contract was unprofitable in the fourth quarter...

Net income at Mr. Cooper was aided in a major way by a $285 million recovery tied to deferred tax assets. Meanwhile, on the origination front, the company funded $12.6 billion in product during 4Q19, up 5.8% from 3Q19.

It was standing room only on Sunday at a panel discussion on the basics of securitizing mortgage servicing rights.

As one servicing broker put it: “It’s brutal. No other way to say it…”

Moody's believes that relying on less than 12 months of a borrower's bank statements increases the risk a non-QM loan may not meet the CFPB's standards...

The new MSR offering from MorVest is top-heavy in California product...