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The mortgage market is reeling from the central bank's strategy of raising rates and reducing its holdings of mortgage-backed securities. Lenders face the worst headwinds in more than a decade.

The New York-based software provider will provide post-closing quality control and quality assurance reviews.

The industry is only about a third of the way to where it needs to be, an analyst from the Mortgage Bankers Association said at the trade group's conference Sunday.

The San Francisco mortgage trading platform also added two other tech leaders to its governance team after raising $37 million early this year.

The top five had more than $15 billion in mortgage servicing in Q2.

As the MBA meets in Nashville, many IMBs will be looking for buyers or wondering whether to turn off the lights entirely and go home, writes the Chairman of Whalen Global Advisors.

In a week where homebuilding stocks were faced with surging U.S. Treasury yields and data showing weakening demand for homes, one analyst is throwing in the towel on the sector.

That's left mortgage servicing rights investors with fewer concerns about runoff, but buyers have less in the way of recapture opportunities.

Lender Finance of America, which reported steep losses in the first half of the year, is also reportedly mulling a massive staff reduction.

The firm will turn its focus toward its commercial, home improvement and reverse lending platforms along with portfolio management and other lender services.