Following Jay Farner’s surprise move to retire, the mortgage company has retained a “leading firm” to consider both internal and external candidates for the CEO position.

MSR sales hit a record in 2022 and even more sales are expected both this year and in 2024. The jump in supply is presenting investors with attractive opportunities.

Apollo isn’t buying Select Portfolio Servicing from Credit Suisse; FHA seeking suggestions for changes to rehabilitation program; Hsieh’s fishing dream; mortgage fraudster sentenced to 10 years in prison.

Shellpoint Mortgage Servicing boosted its role as the leading servicer of loans in non-agency mortgage-backed securities late last year...

In recent weeks, investment-property loans accounted for the majority of collateral in non-agency mortgage-backed securities.

Only two prime non-agency MBS were issued during the fourth quarter of 2022.

Ares is a publicly-traded alternative investment manager with $352.0 billion of assets under management.

Rising interest rates take another bite out of loan applications.

Ginnie issued around $27.10 billion in MBS with single-family mortgages in January, a 5.7% decline from December and notably smaller than that month's decline of 14.2%.

Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.