In December, Mr. Cooper reported that pre-tax profit margins on originations fell to 1.1% in October and November from 1.3% in the third quarter.

Not a good sign: The three banks in the top five shed a combined $38.1 billion during the final three months of the year…

In a few weeks, Ocwen will report fourth quarter results. In trading Wednesday, its common was fetching $1.28 compared to a 52-week high of $2.45 and a low of $1.24.

As most residential stakeholders know, nonbank risk is an issue that has caught the eye of the Federal Housing Finance Agency and the Department of Housing and Urban Development because nonbanks are major counterparties to Fannie Mae, Freddie Mac as well as Ginnie Mae.

Flagstar also revealed $4.9 billion of "flow” servicing sales during 4Q19...

Lakeview booked $7.85 billion in bulk Ginnie MSR transfers during the fourth quarter. The biggest chunk, $3.40 billion, came from United Shore Financial Services, the parent of United Wholesale Mortgage, the nation’s fifth largest home lender.

Then again, not all banks are pulling back from agency servicing…

For the full year of 2019, total mortgage complaints from end users were down 9.1%...

The portfolio is top heavy in Texas product at 50.1%.

The updated defect taxonomy includes changes originally implemented through the Loan Review System in 2017.