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

The 16.4 percent increase was more likely due to the fact that a huge number of reverse mortgages closed in November and December but were not insured by FHA until January, said one lender.

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.

Organizations representing different segments of the mortgage lending industry generally strongly support the overall thrust of the CFPB’s proposed amendments to its 2013 mortgage rules that would enable a limited “right to cure” a “qualified mortgage” that inadvertently falls outside the points-and-fees cap. The 120-day cure period would only be available if the creditor originated the loan as a QM loan in good faith, the loan otherwise meets the QM requirements, and the creditor or assignee maintains and follows policies and procedures for post-consummation review and refunding of overages. “The proposed cure period for points and fees overages would be...

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.

How much stock to insiders at Fannie Mae and Freddie Mac actually own?

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

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.