A top production executive from CitiMortgage has departed the megabank for the pastures of Texas and Nationstar Mortgage.

Freddie Mac is still owed $1.2 billion from Lehman Brothers, which went bust five years ago. Also, Wells Fargo sells NPLs to Citigroup.

Few multistate lenders subject to reviews by state regulators submitted sufficient mortgage call report data last year, according to the Multistate Mortgage Committee. The regulators also cited lenders for origination issues and said they are working toward settlements with smaller servicers. The 2012 annual report released late last week by the MMC detailed two separate widespread data-related violations of state regulations, one involving limited scope electronic exams and the other involving a risk profiling program. The LSE exams were introduced...

Redwood Trust is coming to the jumbo well once again. Its new MBS is roughly $577 million in size.

Activity in the jumbo MBS market is hopping.Shellpoint Partners is targeting mid-year for its first deal.

Roughly 9,000 HUD/FHA workers could lose pay under federal sequestration.

A declining inventory of problem home mortgages and REO played a key role in Bank of America slashing the workforce of LandSafe by roughly 10 percent.

Will the White House soon unveil its FHFA director candidate?

Fannie Mae is working on changes that may give some mortgage bankers relief on buybacks.

When residential originations thrive, so does the warehouse lending sector, and 2012 was no exception.