The former Encore Mortgage executive said he will concentrate on lower FICO score lending, in particular what he calls the “B&C” market.

MountainView Servicing Group has set a bid deadline of August 29 on the Fannie Mae/Freddie Mac MSRs.

FHA is seeing its cash reserves increase more than expected. Meanwhile, yet another mortgage vendor is laying off workers.

A spokesman for Wells Fargo told Inside Mortgage Finance that “most of the displacements were on the fulfillment/processing side” of the business and did not include loan officers.

The mortgage M&A market is beginning to heat up. Flagstar has auctioned off two large MSR packages, and LoanDepot is merging with another firm.

With Fannie lowering its LTV maximum it will reduce the pool of eligible GSE borrowers and likely shift those loans over to FHA, which means private mortgage insurance firms will lose business.

Cerberus Capital is contemplating purchasing additional mortgage banking firms. Meanwhile, the CFPB doesn't like what it sees in the servicing space when it comes to customer service.

Mortgage brokers are continuing to lose market share, but the decline could be temporary, especially if the megabanks run out of refis.

With the retreat of banks from the non-prime lending space, Springleaf says it is strategically positioned to grow in the years ahead.

Okay, so banking regulators have blown multiple Dodd-Frank rule making deadlines. But for now the QM rule is on track. Right?