Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.

Loan officers, it seems, are more willing to work on agency-eligible mortgages because they know the transactions have a good chance of closing, but non-QMs are a different matter.

Despite the 90 percent estimate offered by Applegate, the government-sponsored enterprises’ use of the CSP – let alone the GSE single security – looks to be a ways off.

PHH Mortgage – which handles originations for a number of financial firms on a private-label basis – was the largest IO lender in the nation with $7.19 billion funded during the first half.

If the CEOs of Fannie and Freddie get their raises reversed, what will they do?

Officials from the Consumer Financial Protection Bureau, Wells Fargo and other industry players are set to provide an update on qualified mortgages and other CFPB initiatives...

What do Fannie/Freddie officials say about the walk-out? They were amused at the effort but declined to comment on-the-record.

It seems that more MI firms are sticking their toes into the jumbo waters...

It could be years before many lenders get comfortable offering non-QMs with significant default risk due to the litigation risk.

At mid year 2015, PennyMac was the nation’s 12th largest servicer, according to a ranking from Inside Mortgage Finance.