Apparently, CitiMortgage wants to grow its presence in the origination market, including the correspondent channel where it has a slight pulse.

Meanwhile, industry sources said Select Portfolio Servicing is working on a large MSR acquisition, which could transfer shortly.

Sources contend that three other top executives also have left Nationstar Mortgage. At press time, Nationstar’s media department had not returned telephone calls and emails on the matter.

In trading, Walter was down almost 5 percent on the day. The stock fell to just under $28. Its 52-week low is $24, its high $45.12.

One Stonegate Mortgage watcher we know called the company an “absolute no-brainer short,” noting that when the lender went public “it was overvalued."

PHH Corp. is continuing talks with several potential buyers about its mortgage division but is revealing little information on when it might ultimately announce a deal. In a recent conference call with analysts, company President and CEO Glen Messina would only say that “we’ve been actively engaged in detailed discussions with several interested parties” regarding both PHH Mortgage and its fleet business. Messina would not provide any more color than that. As reported by Inside Mortgage Finance last month, possible buyers include...

Richard Smith, chief marketing officer for Ditech, said the mortgages that the company originates will close in Ditech’s name, not in the name of Green Tree.

A portion of the loans being bought by SLS are tied to 11 non-agency mortgage-backed securities.

A somewhat large Midwestern-based nonbank is now entertaining takeover bids. A deal could happen within 90 days, IMFnews has learned. Stay tuned…

One REIT manager suggested that in time FHFA Director Mel Watt may move to eliminate the captive insurer/FHLB “loophole”…