The three latest deals have a combined UPB of $820 million. Successful votes to terminate servicers of non-agency MBS are uncommon...

Plenty of attendees at NAR were steamed that after CFPB Director Richard Cordray made his remarks about TRID that he left the meeting without taking a single question from the audience.

Five Oaks' management noted that the REIT has better control of its jumbo MBS exposure since the company issued its own security in April.

Stevens also said that while he was FHA commissioner he chose not to go after lenders for violating the False Claims Act because he said such actions would have opened a “Pandora’s Box.”

PennyMac Financial Services also originated $8.9 billion of home mortgages in 1Q, an 11.3 percent increase compared to the previous quarter.

Two Harbors is developing a network of lenders that will sell MSR assets to the company on a flow basis.

The legislation would provide a temporary transitional license and give loan originators 120 days to pass testing standards...

Most firms report the earnings/loss figure in the first or second paragraph of their press release, but not Stonegate Mortgage.

Fun fact: First Republic was the only bank among the top five contributors to jumbo MBS issued in the first quarter.

Nearly every firm tracked in the Inside Mortgage Finance Large Servicer Delinquency Index reported improvements in mortgage performance during the first quarter...