All mortgage originations, measured by loan count, jumped up to 1.48 million in Q2, which was an increase of 2.4 percent from the previous quarter and of 40 percent from the same quarter a year earlier.

Ocwen Financial has enjoyed a couple of favorable outcomes in the last week after a tumultuous 2014 and first half of 2015, with positive reports from Wells Fargo certificate holders and an independent monitor.

Ginnie Mae set a new monthly issuance record in July by guaranteeing $47.06 billion in mortgage-backed securities during the month, according to an announcement from the corporation on Thursday.

Lawsuits filed by the Federal Deposit Insurance Corp., accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities have been revived by the 5th U.S. Circuit Court of Appeals in New Orleans.

Monitor of the National Mortgage Settlement, Joseph A. Smith, Jr. concluded his investigation of Ocwen Financial's Internal Review Group with the determination that issues surrounding the Atlanta-based servicer's IRG have been "sufficiently addressed," according to an announcement from Smith's office.

With no fundamental changes to the origination process in decades, the lost efficiency, increasing costs and decreasing profits, combined with ever-merging regulatory hurdles, have left a gap in the mortgage industry to be filled by "disruptors."

The Federal Open Market Committee stated in its July meeting that more labor growth is needed before the Fed decides to raise the federal target funds rate. Will July's job gains drive the Fed to increase rates in September after years of keeping them near zero?

Fair value gains were the primary driver as Fannie Mae's net income more than doubled from the first quarter to the second quarter, according to an announcement from Fannie Mae on Thursday.

New home sales have been trending up for the last three years and the National Association of Home Builders (NAHB) expects that to continue on into next year as job gains drive up demand for housing.

Freddie Mac's net income soared for the second quarter of 2015, totaling $4.2 billion—nearly nine times the GSE's Q1 net income of $524 million, according to an announcement from Freddie Mac on Tuesday.