“One of the things we’re very focused on and I’ve been pretty vocal about is doing term financing on as much of our business as we possibly can,” Michael Nierenberg, New Residential’s chairman, president and CEO.

Officials at Mr. Cooper said the loss was primarily driven by a negative $293 million net fair value mark on mortgage servicing rights.

New Residential acquired MSRs with a total unpaid principal balance of $49 billion in the first four months of 2019.

Quicken vehemently denied the accusation and in April 2015 filed a lawsuit in federal district court in Detroit, accusing the government of “arbitrary and capricious conduct and misuse of power to extort money from lenders.”

Meanwhile, Wells Fargo continues to dominate the Ginnie Mae servicing arena with a $277.7 billion portfolio at March 31...

Keep an eye on what the GSEs say about their dividend payment...

The government-sponsored enterprises continue to fire on all cylinders. However...