Prospect Mortgage is the top contributor to the deal with an 11.2 percent share of the collateral.

At the same time, the market share of GSE business has been redistributed toward the smaller lenders.

Just because a GSE uses a third-party vendor to assess the risk of seller/servicers as counter-parties that doesn’t mean the GSE – or their management – is off the hook if something goes awry.

The three biggest servicers in the group – Wells Fargo, JPMorgan Chase and Bank of America – all reported significant declines in servicing income.

Mortgage bankers are concerned about what the CSBS is up to and how binding its recommendations will be.

The deal marked a shift for EverBank – the bank typically retains its jumbo ARM originations in portfolio.

On a year-to-date basis, GSE refi securitizations were down 68.6 percent at the end of October.

According to figures recently compiled by RealtyTrac, 26,947 single family homes were flipped nationwide in the third quarter.

All three mortgage-production channels generated solid increases in new origination volume during the third quarter of 2014, but the correspondent market had a measurably bigger gain, according to a new Inside Mortgage Finance ranking and analysis. An estimated $105 billion of home loans were produced by correspondent originators during the third quarter, up 14.1 percent from the previous quarter. That lifted the correspondent share of new originations to 30.4 percent for the quarter, and 30.3 percent on a year-to-date basis. Correspondents are...[Includes four data charts]

A sharp drop in net income from servicing operations during the third quarter was the key factor in a decline in overall mortgage-banking profitability for a group of major lenders, according to a new analysis by Inside Mortgage Trends. The 11 publicly traded companies, which include most of the top originators and servicers in the industry, reported a combined $1.25 billion in net income from servicing, including the gains or losses from hedging their mortgage servicing rights. That was down 43.8 percent from the second quarter and was the lowest net income from servicing for the group since the third quarter of last year.Two of the companies reported increased servicing revenue. At Huntington Bank, net servicing income nearly tripled ...