Trading in non-agency MBS, by comparison, is almost non-existent with June's volume coming in at just $2.9 billion.

Despite shrinking housing receivables, Citigroup marked up the asset value of its MSR contracts to $1.924 billion, a 14 percent improvement from the end of the first quarter.

The delinquent notes are being marketed in collaboration with Wall Street firms Credit Suisse, Wells Fargo Securities, and Williams Capital Group.

Selene CEO and industry veteran Larry Litton is retiring. Years ago Litton launched Litton Loan Servicing, which he eventually sold to Goldman Sachs.

CSS recently unveiled the trade groups that would participating in the IAG, but did not identify any individuals…

The mortgage division is housed in BofA’s consumer banking division, which employed 65,818 workers at the end of June.

According to IMF’s exclusive ranking, Cenlar ranked first among all subservicers at the end of the first quarter with an estimated $252 billion of contracts...

IMA Managing Member Tom Piercy said the advisory firm also plans to offer an $800 million package of Fannie Mae/Freddie Mac servicing rights.

One source close to Wingspan told IMFnews that many executives have been let go, including marketing director Guy Davies.

JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.