Some $247.0 billion of subprime mortgages were outstanding at the end of the first quarter of 2017, according to estimates by Inside Nonconforming Markets.

Among the top five retail lenders, Wells Fargo had the largest sequential decline in 1Q17, down 41.2 percent.

But keep in mind the 'new nonprime' is nothing like the toxic and predatory products of the last decade...

Larry Charbonneau, who conducts warehouse lending reviews for commercial banks, said usage rates are definitely improving this spring.

In the first quarter, PennyMac ranked fourth among all home lenders, trailing Wells Fargo, Chase Home Finance and Quicken, according to a ranking from Inside Mortgage Finance.

Deephaven Mortgage is preparing to issue its second nonprime MBS of the year...

Commenting on the latest revelation from Walter, Keefe, Bruyette & Woods said, “Given the lack of visibility, we maintain our underperform rating and $1 price target.”

In the lawsuit, Ocwen admitted that it had stopped paying some of the invoices sent to it by FIS because of what it called “improper and non-compliant billing practices…

“Even with optimal outcomes agreed by all parties in a typical three- to five-year contract, public and private company CEOs find themselves constantly under the ‘results’ microscope," said consultant Paul Hindman.

Walter’s reverse business posted a pre-tax loss of $5.3 million in the first quarter but took in total revenue of $22.5 million.