At the end of April, the re-default rate on HAMP loan modifications topped 46 percent for restructurings completed in 2009.

Ocwen will have plenty of "high touch" loans to work on when it finally takes control of the OneWest portfolio. Meanwhile, the second lien market is heating up.

The jumbo loans in the new Redwood deal are relatively young. But 72 lenders are feeding mortgages into the security.

Amherst Securities said the risk-share deal was structured in a way that it will likely never take a loss.

The rating services have raised concerns about the representations and warranties on the new JPM jumbo deal as well as geographic concentration risk.

The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.

Jumbo originations increased at First Republic Bank, but its mortgage gain-on-sale margin took a hit.

The non-cash share of home-purchase financing increased to 71 percent in June from 67 percent in February, based on the three-month moving average.

Nationstar and Ocwen get poor servicing grades from J.D. Power & Associates. Meanwhile, Rep. Mel Watt headed to FHFA? Not so fast...

Mortgage firms issued $4.34 billion of non-agency jumbo MBS in the second quarter of 2013, with deals from five issuers, both quarterly highs in the new non-agency era.