An early analysis of second quarter loan level data suggests that residential originations were a little better in the April to June time-frame than some might believe. See this website on Thursday for more information…

Will PHH sell its mortgage division this year? Don't bet on it. But it will spend millions on a company restructuring.

With just $1 trillion in originations expected this year, lenders and servicers are trimming their payrolls accordingly.

Will loan production in the second half surprise the naysayers? Will non-QM lending take off? Stay tuned...

Investors that have bought stock – and debt instruments – in the MIs are anxious about the phase-in period for the capital standards.

As for the two banks working on jumbo securities, both have not issued any bonds in recent years but “are getting their securitization machines ready,” said one jumbo executive.

York Capital is backing Walter Capital Opportunity Corp., the buyer of the excess MSRs.

One MI CEO, who we called, said this: “Thanks for reaching out. We, along with the other MIs are currently in confidential discussions with FHFA and the GSEs regarding the new standards. Unfortunately, we cannot comment until they are public.”

Nonbank capital rules from the FHFA will add certainty to the MSR market, but there will plenty of indigestion along the way.

Phoenix Capital said it has worked with Steel Mountain executives on different projects for 20 years.