Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”

For now, Caliber isn’t commenting on PHH and the latter isn’t discussing anything to do with a sale of its assets.

In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.

Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...

Freedom had $13.27 billion of originations in the second quarter, up 42.5 percent from the previous quarter, according to Inside Mortgage Finance.

According to IMF, UGC ranked first in insurance-in-force of $186.96 billion at midyear. Arch MI was seventh at $33.36 billion.

The $1.5 billion offered by MIAC has an average interest rate of 4.22 percent and delinquencies of 2.65 percent.

A handful of investors, including Caliber Home Loans, are kicking the tires at PHH Corp., taking a close look at the company’s mortgage assets and platforms, investment banking sources told Inside Mortgage Finance this week. At this point in time, a sale of the company through a stock transaction is highly unlikely, but the disposal of some of its key assets – in particular, its $231.74 billion servicing portfolio – could finally materialize before yearend. It’s...

Some investors believe servicing prices now look enticing.

The question remains: who will buy PHH's assets? Is a franchise deal even possible?