“Anytime you have rates run up by 50 basis points, it usually takes about 90 days before a washout begins,” said one mortgage advisor.

It’s unclear at this point what the takeover might mean, if anything, for Nationstar, whose own share price has rallied the past few months.

Bill Erbey, who was forced out by financial regulators two-plus years ago, controls 16.8 percent of Ocwen Financial...

Among the key announcements: the company is selling its PHH Home Loans joint venture to Guaranteed Rate; unloading its private label operations to LenderLive Network, and monetizing “certain” servicing assets.

Mark Filler, who founded Jordan and served as its CEO, was named president of Finance of America Commercial.

Phoenix Capital is offering a private jumbo MSR portfolio sized at $216 million…

Besides the GSEs, one Fairholme’s most speculative investments is Sears Holdings Corp., the struggling retailer…

Six weeks into the new year and it appears that merger-and-acquisition activity in the mortgage industry is finally picking up – big time. Over the past 10 days, several – mostly “asset” related – deals have come to light, with the action being driven by private-equity money that’s backing nonbank lenders. Wall Street giant The Blackstone Group, which has a PE division, is involved as well. So far, the only depository that appears to be playing in the M&A surge is...

Over the past two years, the Wall Street giant has purchased a handful of nonbank lenders, including Gateway Funding...

With its consent order in the rear-view, look for Flagstar to do more deals, industry advisors told IMFnews...