However, one bright spot was originations, which increased sequentially by 35 percent to $1.32 billion.

Applications and refis are so robust that production "capacity" is now a major concern...

However, EverBank has been cutting back its presence in residential finance, a trend that was cemented when Tom Wind left the company in December...

Flagstar capitalized its residential servicing portfolio at 99 basis points at June 30, compared to 106 bps at March 31.

Some banks nearly tripled their bulk MSR acquisitions in 2Q16. SunTrust, for example, bought $7.41 billion of GSE servicing during the period, making it the third most active buyer in the market.

Sen. Grassley pointed out that production decreased after Wertheimer’s tenure began in September 2014 with just three audit reports produced in 2015.

The IG accused the FHFA of shirking its responsibility to effectively examine Fannie Mae and Freddie Mac...

The bigger issue was a sharp drop in net servicing income…

Several large banks accept the current acknowledgement agreement, while others avoid it like the plague.

The Community Mortgage Lenders of America said the bill strikes a balance of maintaining safe lending while freeing up resources so more consumers can obtain a mortgage.