Ocwen Financial’s jumbo servicing portfolio nearly doubled in the past year, though that’s due to the acquisition of PHH…

The latest reorganization plan hinged on the pre-sale of key Ditech assets, with New Residential Investment purchasing its origination and servicing business for $1.1 billion.

The aggregate SFO balance, mostly tied to mortgage-backed securities trusts, was down 0.8% from March, the second quarterly decline in a row.

Syracuse Securities calls the mortgage business "unforgiving and highly competitive." That sounds about right...

The jumbo MBS will be the third of the year from the bank. Wells is also the nation's largest home lender and servicer...

The legislation is aimed at ensuring homeowners do not lose time getting the modification approved when the loan is sold or transferred...

According to a new report from DBRS, more owners of servicing rights are opting to issue debt backed by their MSR portfolios.

Other lenders have gone the ancillary route as well, including Mr. Cooper and Ocwen Financial.

But not all was rosy: “With anticipated increases in prepayment activity, we saw hits to servicing profitability resulting from mortgage servicing right markdowns and amortization,” said MBA VP of Research Marina Walsh.

But in the end, will an administrative plan of some type actually be implemented? Just because it’s released that doesn’t mean it’s a mandate