Fear and loathing in the mortgage job market? Movement Mortgage has let several mortgage workers go. Can looser underwriting standards save the day?

Flagstar hopes to unload $30 billion in residential servicing rights, but is contemplating selling even more in the way of MSRs.

Three years ago Cole Taylor Bank had no presence in the mortgage market until Willie Newman joined the bank and started a residential division.

Nationstar Mortgage is issuing $250 million of debt, hinting that it may buy more MSRs from Bank of America.

Cerberus' purchase of PREO Mortgage of Atlanta could be the beginning of something big for the company.

Over the years Sharga has briefed government organizations such as the Federal Reserve and Senate Banking Committee.

A year ago, only two to four bidders would show up for an MSR auction. But those days are long over.

A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.

The sale price breaks down as follows: $2.43 billion for the servicing advances and $241 million for the MSRs.

Citigroup, which runs an active NPL trading desk, acquired the assets from a large money-center bank.