Not only has the proposed sale of First Mortgage Co. fallen apart, but a recent lawsuit filed against the company by a new warehouse lending firm raises serious questions about FMC’s recent profitability and its future. As Inside Mortgage Finance went to press this week, FMC was no longer making new loans, but was still servicing its past production, estimated at $1.67 billion. Company owner and CEO Ron McCord – one of six defendants sued by warehouse provider CapLoc – said...

As the weekend approached it was unclear which suitor won the Seneca MSR portfolio…

According to Casey Crawford the recapitalized depository will focus on “loving and serving people.”

CHMI was launched a few years ago by the privately owned Freedom Mortgage, the nation’s seventh largest originator…

Mortgage REIT New Residential posted a stunning 40.1 percent sequential growth rate in its MSR portfolio, according to Inside Mortgage Finance.

New Residential has purchased several servicing portfolios over the past year, acquiring rights from CitiMortgage, Walter/Ditech and United Shore, among others.

The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years…

A press statement on the sale included no production or servicing information for either company…

Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...

The Seneca MSR portfolio is top heavy with California product…