Phoenix Capital said it has worked with Steel Mountain executives on different projects for 20 years.

But it’s not just talk of capital standards for nonbanks that has some in the industry spooked – it’s the issue of what constitutes capital.

There has been plenty of talk about mortgage M&A, and now it appears that deals are finally happening.

To participate in the MSR market, institutional investors must partner with licensed and compliant servicers.

The downfall of Community Home is intriguing: the servicer closed its Jackson office and had customers send payments to Las Vegas. From there, payments were sent to a location in Costa Rica, according to AP.

We continue to hear plenty of talk about mortgage mergers and acquisitions with deal announcements likely to come between early July and late August.

Is the stock of PHH Corp. so depressed that it's a screaming "buy"?

What does the future hold for the hedge fund-owned Prospect Mortgage?

The market for large "legacy" MSR deals appears to be ice cold. Then again, last week there were rumors that a $50 billion transaction might be in the works.

We talked a handful of wholesalers and were told the figure is much lower – in the range of 2.2 percent to 2.5 percent. Broker-sourced loans account for less than 10 percent of all loans funded today,