“In the first quarter everybody was hating life,” said Michael Lau, CEO of Pingora Asset Management. “Now everybody is loving life. They have fat margins and origination pipelines are robust.”

SitusAMC is working on several potential MSR transactions as well...

Currently, depository institutions account for only 14% of direct FHA lending compared with 45% in 2010.

The U.S. Treasury Department – the owner of Fannie/Freddie senior preferred – is the entity that owns the keys to the ownership kingdom…

The portfolio offered by Incenter has 1.2 months of seasoning…

Consultant Brian Chappelle credits FHA for taking action earlier in the year to stop risk layering on borrowers with lower credit scores.

“Acting” is a title worn by many political appointees in the current administration…

PennyMac – launched by former Countrywide Financial executive Stanford Kurland in 2008 – has been using the MSP servicing platform since its inception.

There was some positive news in the form of originations. Ocwen funded $412.2 million in forward and reverse mortgages in 3Q, declaring that its annualized run rate (based on October production) now totals $2.6 billion.

JPMorgan Chase was the top earner in the third quarter with $886.0 million in mortgage banking fees and related income, a three-fold increase from the previous period. However, the huge gain comes with a significant asterisk…