VantageScore’s CEO said he doesn’t think FICO’s trended data score will be operational with the GSEs anytime soon.

Joe Gormley will continue to act as FHA commissioner after Frank Cassidy announced his formal exit from the position last week.

Rocket Mortgage and Cenlar remained the largest subservicers as of the end of March, though LoanCare and ServiceMac gained some ground. (Includes one data table.)

Critics say the FHFA director is woefully underqualified to lead national intelligence. The impact on FHFA is also unclear.

Next week the Federal Open Market Committee will meet for the first time since Kevin Warsh took over as Fed chair.

Hedging could lessen the shock of prepayments for large banks holding mortgage servicing rights. There aren’t similar offsets, though, to mitigate a surge in defaults, according to research from the Fed.

Two Harbors seeks cash-only offer from UWM; Capital One executive nominated for director of CFPB; SPS settles servicing issues with California; First Federal selling third-party origination business to Mortgage Forward; Sunflower Bank and OceanFirst sell multifamily assets.

Officials at Pennymac note that the correspondent channel has been losing some share to the GSEs. (Includes six data tables.)

Following adoption by the 30-largest lenders, VantageScore will focus on making sure technology providers and smaller lenders are prepared to implement its new credit score model.

Industry analysts believe that the bidding war for Two Harbors Investment could inflate future acquisition prices for servicers.