However, according to figures compiled by Inside Mortgage Finance, the U.S. subsidiary of the Canadian-owned bank doesn’t even rank among the top 30 lenders, at least not yet.

The reduced head count at Wells Fargo is hardly surprising given declining refinancings, but there could be more bloodletting in the months ahead.

Golf is for slackers. Inside Mortgage Finance knows of at least four veteran mortgage banking executives who, after “retiring,” are looking to reenter the business.

Barry Habib, chief market strategist for RFC, confirmed that the privately held nonbank has closed branches but offered up few details.

Bank of America's mortgage business appears to be profitable but only if you exclude its legacy business.

How do you spell servicing relief? It all depends on who you ask. Meanwhile, First Guaranty Mortgage is entering the warehouse arena.

On the servicing side of the balance sheet, Citigroup reported $180.3 billion in third-party servicing rights, a 2 percent decline from the same period last year.

Rumors abound about mortgage firms either closing or laying off staff. Meanwhile, Auction.com, known for selling troubled real estate for banks and other investors, is offering up a $600 million pool of performing multifamily mortgages.

Industry advisors familiar with MIC told Inside Mortgage Finance that the nonbank VA refi specialist was almost sold to a bank this past summer, but the deal fell through.

The secondary market for mortgage servicing rights is red hot and shows no signs of slowing, even with the government partially closed.