Bank returns on mortgage activities turned sharply negative during the recession of 2007 through 2009 before rebounding and becoming consistently positive by early 2011.

Meanwhile, it would appear that the revolving door for mortgage CEOs might be taking another spin soon...

Sen. Corker, a Republican from Tennessee, no longer wants to kill Fannie and Freddie outright...

Freddie said that demand has kept pace with new supply, calming concerns that growth might start to decelerate.

Actual GSE sales volume for the top five was down 2.2 percent from the second quarter, but overall Fannie/Freddie business was down slightly more, 3.8 percent.

Ginnie Mae has expressed concern about the influx of nonbanks into its MBS program and their ability to remain as active participants.

One mortgage manager, requesting anonymity, said, “We are about to initiate a scorecard now.”

On its largest MSR auction of the year, MountainView said the high bid came in at a multiple of 3.95-times the servicing fee.

“We are hopeful this lawsuit will be resolved quickly so the fee waiver is granted, the data we seek is produced by HUD and the public is granted access to this important information,” the CRC said.

And keep in mind there are some Ocwen investors who are hoping that the company will be sold and the share price will spike.