With the purchase now complete, there are just six MI firms in the U.S.

With rates rising (and staying that way, for now) mortgage M&A is expected to pick up steam in the coming months...

But if you think that Wells Fargo will pull a “BofA” and quietly downshift its presence in mortgages, think again.

PHH said it will subservice the loans for New Residential "for an initial period of three years, subject to certain termination provisions."

The sale proceeds exclude estimated transaction fees and expenses of roughly 5.0 percent...

DOJ notes that although the lender’s internal quality control reviews “showed severe problems with FHA insured mortgages, USFS routinely failed to provide any meaningful information to senior management…”

New Residential is entitled to a $10 million termination fee if the sale falls apart...

Rising interest rates are good for MI stocks because it translates into greater “persistency…”

This year, fundings could reach upwards of $2.00 trillion based on activity through the first nine months of the year.

The Mortgage Center, a West Virginia-based loan brokerage firm managed by Marc Savitt, plans to open new offices in Florida and New Mexico early next year…