Warehouse finance volumes are down noticeably this year as originations sag in the primary market. The only good news to speak of is that some originators might be approaching break-even. (Includes data chart.)

Even though originations are down roughly 50% this year, investors are still willing to buy mortgage companies, believing the downturn won’t last forever. Of the sales that have occurred, many involve asset transfers.

The seller is Reza Jahangiri, who founded the company in 2004.

BTIG believes the "near-term opportunity" favors more of a valuation recovery story for the mortgage stocks it covers...

Three of the nation’s top 15 subservicing vendors are in the process of being sold or merged...

October brought a month-over-month decline in home prices...

The bid deadline is Dec. 6...

AO Director Jonathan Morgan bought 4,000 AO units at $7.34 a share...

The loans sold for 83 cents on the dollar. Par is 100...