Texas was the second largest source of Fannie/Freddie business during the first half, accounting for 7.3 percent of the market.

Not only is Nationstar Mortgage one of the most shorted stocks in the sector, but it seems to be having quite a bit of turnover in the executive suite.

“I don’t see how New York can’t ultimately approve Wells’ sale of servicing to Ocwen,” said one analyst. “I think it’s more a matter of when.”

A formal recorded vote has been requested and at press time was pending before the committee.

Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...

The Fannie-BofA squabble was tied to repurchase claims surrounding the bank’s legacy book of business, largely involving loans produced by Countrywide Financial and Merrill Lynch.

According to research from the Consumer Financial Protection Bureau, all financial service companies spend $17 billion each year trying to reach consumers.

The CFPB also is proposing that financial institutions provide more information about underwriting and pricing.

RPM Mortgage, one of the largest privately held nonbanks in California, has signed a new origination deal with Mechanics Bank, Walnut Creek, CA.

In mid-July senior White House staff, Treasury officials and the staffers from the Council of Economic Advisers met with representatives from a number of industry trade groups to discuss housing finance reform.