The share of lenders reporting a decreased profit margin outlook over the next three months appears to have remained relatively stable.

The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective.

PennyMac Commercial will focus on mortgages of under $10 million.

However, originations aren’t expected to spike in 2015 due to a number of factors, including tight underwriting standards.

Wells Fargo and JPMorgan Chase increased their first-lien holdings compared to 3Q 2013 while Bank of America and Citigroup experienced a decline.

The new jumbo MBS from Five Oaks includes representations and warranties that do not sunset.

We continue to hear reports about a new player in the warehouse lending space that is offering attractive borrowing rates that appear too good to be true.

Industry observers believe underwriting standards on mortgages in jumbo MBS will continue to loosen, which might weaken investor confidence.

Ocwen officials said the sale of agency receivables has the potential to free-up more than $1.7 billion of capital for the company.

Associates of Erbey told IMFnews that he knew several weeks ago that he would be stepping down from the company and viewed himself as a sacrificial lamb of sorts…