One bidder who has looked at the Ginnie MSR package from PHH described it as “seasoned with some delinquencies in it.”

Senator Investor Group now owns a 6.28 percent stake in Radian, a top ranked mortgage insurer.

As IMFnews went to press, no other details were available on the transaction, including the identity of the seller or whether the product is “newly originated” or “legacy” in nature.

Is Ocwen Financial's accounting adjustment much ado about nothing or a potential regulatory headache?

A top producing office in Arizona for one mid-sized lender is making it widely known that it would like to move the entire staff to another firm...

At June 30, Walter/Green Tree serviced $235.2 billion in mortgages, almost flat compared to March 31.

One of the largest packages currently out for bid is a $1.2 billion Fannie Mae/Ginnie Mae portfolio from Interactive Mortgage Advisors.

The Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle jointly announced that they have entered into merger discussions, but don’t expect a rash of FHLBank consolidations regardless of the outcome, says an expert. The two institutions “entered into an exclusivity arrangement regarding a potential merger,” the two FHLBanks announced last week. The proposed merger of the FHLBank of Des Moines and the smaller, troubled FHLBank of Seattle would create an institution with more than 1,500 member financial institutions in 13 states and three U.S. territories in the Pacific Ocean.

With origination volumes sucking wind this year, plenty of mortgage companies are pondering whether now is the time to sell, but so far few deals of any size have been consummated. That may change in the coming months.

Two of the 12 Federal Home Loan Banks announced last week they are deep into merger talks that, if consummated, would create the largest single entity within the FHLBank system. The proposed merger of the FHLBank of Des Moines and the smaller, troubled FHLBank of Seattle would create an institution with more than 1,500 member financial institutions in 13 states and three U.S. territories in the Pacific Ocean. “A detailed due diligence process is...