Syracuse Securities calls the mortgage business "unforgiving and highly competitive." That sounds about right...

The jumbo MBS will be the third of the year from the bank. Wells is also the nation's largest home lender and servicer...

The legislation is aimed at ensuring homeowners do not lose time getting the modification approved when the loan is sold or transferred...

According to a new report from DBRS, more owners of servicing rights are opting to issue debt backed by their MSR portfolios.

Other lenders have gone the ancillary route as well, including Mr. Cooper and Ocwen Financial.

But not all was rosy: “With anticipated increases in prepayment activity, we saw hits to servicing profitability resulting from mortgage servicing right markdowns and amortization,” said MBA VP of Research Marina Walsh.

But in the end, will an administrative plan of some type actually be implemented? Just because it’s released that doesn’t mean it’s a mandate

According to servicing broker Phoenix Capital, Texas accounts for the large chunk of the MSRs at 23%. Arkansas is second at 15%. 

A decline in interest rates typically helps increase mortgage originations, but this time is different, according to Fitch.

The FDIC approved some relief for banks from the Volcker rule regarding hedging of mortgage servicing rights.