When the nonbank first unveiled the stock buy-back program, its shares were trading at $8.61.

Good news for mortgage bankers: gain-on-sale profit margins are on the rise.

The Freddie portfolio includes loans from all 50 states with California receivables having the largest market share at 18.6 percent.

Mortgage M&A historians might recall that last decade, before the financial crisis struck, Countrywide Financial Corp. was in serious talks to buy PHH’s mortgage business...

PHH has retained Credit Suisse Securities and J.P. Morgan as financial advisors and Jones Day as legal advisor “to assist in the process.”

Among the top 10 non-agency jumbo mortgage producers in 2015 just two are nonbanks: PHH Mortgage and Redwood Trust.

In dollars and cents, additional spending at Fannie totaled $726 million over the four-year period, while at Freddie the reading was a more benign $376 million.

D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...

Sources close to D’Urso said his termination by Radian was a “total surprise” to him as well.

PHH has been losing money and so far this year its stock price has been hammered.