As Tim Rood of The Collingwood Group noted: An investor can buy a mortgage at 65 cents on the dollar, “notify the borrower they are eligible for a note mod down to 80 cents on the dollar and voila!”

The product for sale is concentrated in Arizona, California, Florida and Texas.

A new report from Deutsche Bank estimates that a 3.5 percent rate on mortgages “puts roughly two-thirds of borrowers in the money to refinance…"

It could be an earnings bloodbath when servicing markdowns are factored in…

Ares said it will use the cash from the sale of its mortgage banking subsidiary to its “principal lending portfolio.”

MI firms are seeing an improvement in their stock prices of late...

There’s a growing concern about price discounts on Ginnie servicing rights, and a strong belief that the agency is once again getting anxious about so many nonbanks being such large players in the market.

During his career, Bright has worked for Sen. Bob Corker, who supposedly is on Donald Trump’s short list of VP candidates…

Among those reporting higher application volume is Prosperity Mortgage, the residential lending arm of realty giant Long & Foster...

FHFA officials said they favor transactions that are repeatable and scalable.