The Latest

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.

The mortgage subsidiary of PlainsCapital Bank also said it had reduced its headcount by 23% in the past year.

The parent company Ocwen is contesting the award from the arbitrator, who ruled the company made a false offer to the borrower.

The transaction allows for portfolio defense as well as supporting Marlin's move into Ginnie Mae servicing.

The delay acknowledges concerns some companies and trade groups have had about compliance with the requirement.

The government guarantor's securitization platform went offline on October 19 and will reemerge on October 25.

But a cooling housing market opened up buying opportunities for some and helped drive the share of FHA-backed purchases upward for the first time in a year, according to new Attom research.