Although some regulators have anxiety problems with nonbank servicers, Fannie Mae apparently does not. Meanwhile, a large mortgage vendor M&A deal could be revealed late Friday.

According to responses from real estate agents involved in 1,401 transactions in January, some 45 percent of purchase mortgages with private MI experienced a delayed closing. And 42 percent of FHA purchase mortgages experienced a delay in closing.

Although some industry groups said it is too soon to get into another massive overhaul, others pointed to the forest of overlapping and confusing documents as a good place to start.

So, will banks stop selling MSRs because of the CFPB? Don’t bet on it. The sales process will just take longer.

Lenders are more cautious in the post-subprime era and they no longer practice “risk layering” on loans to borrowers with less-than-stellar credit histories as they did in the past.

The SEC was poised to issue a final rule with loan-level disclosure requirements for non-agency MBS earlier this month. The SFIG said it expects the SEC will issue a final rule on the so-called Regulation AB2 “in the near future.”

Large mortgage vendors are expected to buy smaller firms this year "and fit them to their mold," said one industry observer.

Genpact is the latest mortgage vendor to trim staff. At least 81 were let go in its Irvine location.

Radian and United Guaranty were co-champs of the MI league last year. Radian reported the largest new insurance written figure, $55.04 billion.

Matt Monahan is expected to aid HL as it tries to take advantage of a red hot market for servicing sales. A former deal maker at Cohane Rafferty Securities, he will beef-up HL’s mortgage sales force.