The Fannie/Freddie receivables would come primarily from California, Florida and Texas.

Meanwhile, there’s already speculation that Capital One – known for its prowess in credit cards – might eventually re-enter the mortgage business in one way or another.

More M&A deals are expected in the quarters ahead…

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

PIMCO also has been buying non-agency mortgages, holding the paper in one of the funds it manages.

Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…

Back in February, Capital One’s Senior Director of Home Loans Eric Declercq left the company for a position at loanDepot.

Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…

Interestingly, Nationstar, Ocwen and Walter each have embarked on a course of selling their owned mortgage-servicing rights while staying on as a subservicer…

Ocwen will not be sold through a stock deal, but Nationstar could be...