Up until the housing crash of 2008, it was not uncommon for many warehouse lenders to extend lines of credit to buy MSRs or finance the holding of the asset.

Rosner of Graham Fisher & Co. also wants to see the use “stringent methods” to price guarantees separate from the GSE's.

According to interviews conducted by IMFnews, many nonbanks lost money in January and February but began to see better results in March.

“I understand this is the largest attended ABA compliance conference. You’re welcome,” dead-panned CFPB official Steve Antonakes. “We'll see what we can do this year to boost your numbers a little more next year.”

We’re hearing unconfirmed reports that the Federal Housing Finance Agency may not hire a chief executive and chairman for the common securitization platform project after all…

But there was some good news: Jumbos accounted for 18.7 percent of total originations in the first quarter of 2014, a level not seen since 2004.

So what’s stressing the mortgage industry out? Regulations, more regulations – and litigation and the threat thereof.

Fitch Ratings said the spike was an aberration, caused by a servicing transfer, not sudden poor performance by pristine jumbo borrowers.

At March 31, PIMCO did not even rank among the top institutional holders of PHH Corp. As one analyst quipped: "Maybe they like the valuation."

It remains unclear why Rick Thompson departed Envoy Mortgage as its CEO.