According to a memo from Barclays CEO Tom King, “As a result, we will no longer offer residential loan trading, GNMA CMBS or CMO products.”

As one source close to the company noted: Redwood “just couldn’t make the math work” in that line of business.

MGIC CEO Patrick Sinks noted that the mortgage insurer will be revising its premium rate cards soon. Stay tuned...

For some servicers, including Ocwen Financial, the math of outsourcing is simple: pay back-office workers the equivalent of $2 an hour when their U.S. counterparts can earn at least five times that.

“We’re seeing a lot of TRID flow right now,” said Rob Smialek, senior vice president of capital markets for Rincon Mortgage Trading.

Ocwen, in particular, will need to tell investors exactly how they plan to become a top-10 originator, something that seems like a long shot right now...

Rumors of a large layoff at Redwood first broke Monday...

The mega banked earned $133 million from home lending and servicing in the fourth quarter, a 35 percent decline from 3Q15.

For investors in mortgage stocks, the question becomes: Well, how much will these beaten-down eight come back?

Should mortgage servicers begin to worry about residential delinquencies in such oil producing states as North Dakota, Oklahoma and Texas?