More trouble for Walter Investment Management? Meanwhile, according to NTC, as many as 490,000 homeowners could be affected by faulty servicer database records.

Bank of America blamed the layoffs on “continued reductions” in its legacy mortgage business “as well as actions taken in sales and fulfillment as refinance demand slowed.”

Varde has been looking for an investment in the non-QM space for the past year and finally found Deephaven. “They’ve approached others as well,” one source told IMFnews.

Deephaven founder Matt Nichols isn’t ready to provide details on the subprime lender's game strategy quite yet...

Compared to the same quarter a year ago, residential originations fell 40 percent at Wells. At JPM the downdraft was even worse...

The $17 million reserve will be booked as part of Walter's third quarter earnings.

Specialty servicer Wingspan is expected to issue a press release this week, providing some clarity about a change of control at the company and the future of its founder...

One forensic accountant said of the matter: “Basel basically treats MSRs as a toxic asset. It’s a huge topic.”

Along with the news of a larger repo facility, some executive changes have occurred as well.

The Community Home Lenders Association has asked new HUD secretary Julian Castro for a “meaningful reduction” in the FHA’s annual premiums…