The largest holder of MBS among the 12 regional banks is the Federal Home Loan Bank of San Francisco with $22.02 billion.

There has been plenty of talk about mortgage M&A, and now it appears that deals are finally happening.

For such assignees, the bureau would select one of the following alternative periods for the right to cure: 270 days after loan delivery, or 120 days after such assignee’s discovery of non-compliance.

Will a coming boom in the production of non-qualified mortgages help residential lenders survive the origination slump?

The most profitable business for Fannie and Freddie is loans with high credit scores and LTV ratios of 60 percent or less.

Treasury Secretary Jacob Lew acknowledged that HAMP hasn’t been as successful as the Obama administration would have liked.

Sen. Shelby is an Alabama Republican with a populist streak who is no friend of the GSEs, but he may side with shareholders of the two companies who are getting shafted by Treasury “sweeps.”

To participate in the MSR market, institutional investors must partner with licensed and compliant servicers.

The downfall of Community Home is intriguing: the servicer closed its Jackson office and had customers send payments to Las Vegas. From there, payments were sent to a location in Costa Rica, according to AP.

In case you haven’t noticed, many mortgage stocks are trading much closer to their 52-week lows than their highs.