Go figure: An "app" company called Snap that may never make a nickel is now worth more than Fannie Mae and Freddie Mac...

The MountainView package has no delinquencies, average FICO scores of 753 and a weighted average LTV of 72 percent.

Caliber Home Loans, Dallas, this week agreed to buy most of Banc of California’s mortgage operations, the nonbank’s second acquisition of the past seven months, and a possible harbinger of more activity to come. Mortgage M&A consultant Chuck Klein of Mortgage Banking Solutions said his advisory firm is now involved in at least six different deals. Rick Roque of Menlo Financial predicted that by the time this deal-cycle plays out, 20 percent of nonbanks could disappear via a purchase of one sort or another. Klein recently attended...

In late January, Steven Sugarman, who built the bank into a well-regarded regional lender, resigned as CEO.

California mortgages account for the large chunk of collateral at 41.2 percent. Texas is a distant second at 10.4 percent.

Bradd Gold of Au Consulting LLC noted that in the year prior to their federal takeover, Fannie and Freddie sold $10 billion of GSE junior preferred.

Once the GSEs turned it around and showed a whiff of profit the speculators pounced and bought the shares on the cheap...

Nationstar said it expects to board $144 billion of additional contracts in 2017, $111 billion of which is subservicing for New Residential Investment Corp.

Officials at New Rez are set to meet with the FHFA to discuss servicing issues, including MSR financing…

Nexera founder and CEO Steve Abreu – a former GMAC executive – said there’s a great deal of interest from PE firms in the “disruptor” segment…