The new jumbo deal from Shellpoint includes originations from New Penn along with contributions from 30 other lenders.

Is now a time to buy into PHH?

Redwood executives said competition has cut into margins, prompting the reduction in its forecast.

Two Harbors is starting to offer “expanded credit” mortgages via its conduit, including allowing for lower credit scores and higher loan-to-value ratios.

One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”

PIMCO stressed that the “Wells Notice” is neither a formal allegation of wrongdoing nor a finding that any law was violated.

Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...

Clayton Holdings noted that 75.9 percent of the mortgages were originated via the retail channel with the balance coming through loan brokers.

According to one published report, Gov. Andrew Cuomo is considering John Coffey as the next superintendent for New York Department of Financial Services.

“Of course, there are no guarantees, and all of our announced sales may not close as we currently envision,” said Ocwen's Ron Faris.