Too many nonbanks have their net worth tied up in servicing rights. And that’s a problem…

Cash-flow underwriting for mortgages on investment properties also may present regulatory concerns…

At Santander Bank, commitments improved by 2.1 percent to $2.4 billion while outstandings jumped 33.3 percent to $1.6 billion.

It’s not clear how many of the consumers with unauthorized accounts had mortgages with Wells, though the megabank and its peers have put an emphasis on cross-selling financial products to jumbo customers.

The GSE conundrum in perspective: "The mortgage finance system is working so consumers are somnambulant; media occasionally write about it, but don’t get fired up; courts don’t seem to be upset over unprecedented Treasury bullying and revenue abuse..."

Despite shying away from FHA production, Wells Fargo remained a top Ginnie issuer, closing August with $3.83 billion and ranking third overall.

Meanwhile, many mortgage companies that specialize in production are posting strong profits…

Meanwhile, while the jumbo securitization rate during the quarter was a paltry 0.8 percent…

Angel Oak also has a much smaller division, Angel Oak Prime Bridge, that originates nonprime mortgages for investment properties.

Another reason for the cut in fees: rural housing delinquencies and foreclosures are at record lows.