As one servicing broker told Inside Mortgage Finance: “Wow. I didn’t see that coming.”

An investment banker who looked at the portfolio for one of his clients was at a loss regarding what direction Stearns might be taking…

Over the past 12 months, Stearns Lending has jettisoned its delegated correspondent lending platform and recently sold most of its $23.2 billion servicing portfolio, raising new questions about the company’s direction.

Invitation Homes, the nation’s largest single-family rental operator, lost $46.0 million in the fourth quarter...

PennyMac likely will use the proceeds to buy additional servicing rights…

Flagstar also will hire Santander’s “existing" warehouse relationship managers...

“The new year has all of us in the MSR market off to a running start as we see increases in mortgage rates and lower originations leading to greater demand, allowing for improved pricing of the MSR asset,” said Tom Piercy, managing director of Incenter Mortgage Advisors, Denver.

The MSR auction calendar is starting to look crowded…

Levine said there’s demand for retail operations…

Once consummated, the merger will allow Nationstar to shelter its earnings for years to come…