The company registered gain-on-sale revenue of $9.8 million, just about flat compared to February.

For Fannie and Freddie, it was the highest concentration of low-score/high-LTV loans over the past five years...

PennyMac founder and Executive Chairman Stan Kurland: "While the correspondent market remains competitive, margins appear to be stabilizing as they were essentially unchanged from the prior quarter at 29 basis points..."

Just think what a 100 basis point cut in interest rates would do to the mortgage market...

Among many other IRS reforms, the bill would modernize the Income Verification Express Service.

A search of SEC records shows that Ocwen is not Martini’s first mortgage-related investment. In the past week, he’s owned a stake in Ditech Financial.

Officials at Mr. Cooper said the loss was primarily driven by a negative $293 million net fair value mark on mortgage servicing rights.

New Residential acquired MSRs with a total unpaid principal balance of $49 billion in the first four months of 2019.

However, the Mortgage Bankers Association disagrees with Pinto’s findings...

The National Labor Relations Board sided with Quicken Loans in the dispute...