CSS recently unveiled the trade groups that would participating in the IAG, but did not identify any individuals…

For mortgage companies that were hoping to go public this year, they might as well forget about it. As one industry analyst put it: “The IPO market isn’t even on life support. It’s just plain dead.” Although many privately held mortgage firms are enjoying a strong year in both lending and profitability, the initial public offering market is dormant for three reasons: Nationstar Mortgage, Ocwen Financial and Walter Investment Management Corp. This year, the once “big three” nonbanks have paid...

IMA Managing Member Tom Piercy said the advisory firm also plans to offer an $800 million package of Fannie Mae/Freddie Mac servicing rights.

With the second quarter having just ended, several large flow and bulk MSR transactions are in the works...

Bond investing giant Pacific Investment Management Co., commonly known as PIMCO, is getting more serious about buying a mortgage franchise and has zeroed in on a mid-sized nonbank, according to industry officials who claim to have knowledge of the talks. But it’s not mortgage banking, per se, that PIMCO is ultimately interested in – it’s the MBS market. “PIMCO has been in the MBS game for many years, so I would think this is possible,” said industry consultant Paul Hindman. Hindman has...

FUN FACT: PIMCO owns almost 12 percent of PHH Corp., the parent of the nation's ninth largest residential servicer.

The underlying collateral is located in all 50 states, but Texas accounts for the largest count of loans at 1,220.

We’re told a sale contract could be signed any day now, but as far as a public announcement is concerned, it may not happen right away…

As the holiday weekend approached, representatives from PIMCO's media department had not returned telephone calls and emails on the matter.

Wells Fargo was the top seller to Freddie Mac in 2Q with $12.6 billion, according to newly compiled figures from Inside Mortgage Finance, but BofA was a somewhat close second...