It appears that Home Loan Servicing Solutions, a buyer of residential servicing rights, is making money hand-over-fist.

The long-awaited slowdown in residential originations may finally be at the doorstep of the nation’s largest banks, according to first-quarter results released over the past week by the “giants” of the industry including Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp. In general, gain-on-sale margins eroded or held steady, but most megabanks hiked the asset value of their mortgage servicing rights. And some, like Wells and U.S. Bancorp, continued to hold some of their agency-eligible mortgage originations on their books instead of selling them to Fannie Mae and Freddie Mac. “Revenues have peaked for everyone,” Brian Foran, an analyst with Autonomous, told...

Bank of America entered into a massive buyback settlement with Fannie Mae in January, but has yet to sell any 'purchase' loans to the GSE in 2013. However, this may change soon.

The federal agency caretaking Fannie Mae and Freddie Mac extended the streamlined refinance program for underwater mortgages at the government-sponsored enterprises for an extra two years, although it remains unclear how much gas is left in the tank. A new analysis of GSE securitization data by Inside Mortgage Finance suggests that activity under the Home Affordable Refinance Program increased by only 1.3 percent during the first quarter of 2013. A total of $69.0 billion of refinance mortgages with loan-to-value ratios exceeding 85 percent were securitized by Fannie and Freddie in the first three months of the year, representing the highest quarterly volume in the evolving program’s four-year history. Most of the increase came...[Includes two data charts]

The Inspector General of the Federal Housing Finance Agency says the agency needs more examiners to keep an eye on the GSEs.

House Republicans were unmoved by pleas from HUD to soften the impact of sequestration and criticized the agency for a lack of commitment to fiscal reform.

Although the HARP program had record volume in the first quarter, the program is showing almost no growth, according to exclusive survey figures compiled by Inside Mortgage Finance.

Nonbank mortgages lenders will not get a pass on CFPB scrutiny, a top regulator told a gathering of the American Bankers Association.

The CFPB is a tough cop on the beat, no doubt. But is the agency and its rules causing certain banks in Oklahoma to exit the residential lending sector?

CEO candidates are being approached by the Federal Housing Finance Agency to run the new single-GSE MBS platform.