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...

BlackRock CEO Larry Fink: “Our strategic investment in PennyMac 12 years ago was part of an effort to help our clients access opportunities in the residential mortgage market…”

Industry consultant Paul Hindman on Mike Weinbach, the new Wells Fargo mortgage chief: “He’s s out to control the messaging. His goal will be to get immediate results.”

The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.

Some industry trade groups have an uneasy feeling about the proposal...