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.

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

One area on the bureau’s short list is compliance under the Home Mortgage Disclosure Act.

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.

Two Harbors said FHLB membership provides up to $1 billion of uncommitted credit for borrowings.

Despite the slowdown, an estimated 630,000 mortgages were guaranteed by VA in FY 2013 – a record. Wells Fargo was the top VA funder with $14.82 billion. USAA was second.

Why are speculators shorting mortgage stocks? Answer: The "servicing trade" might be over, but not everyone believes that.

Mortgage companies with back-office operations overseas don't have to worry about the CFPB examining their off-shore staff, at least not anytime soon.

In an email exchange with IMFnews, RFC's Stein confirmed the sale, but declined to provide any details including the size of the MSRs or the purchase price.

Just when mortgage lenders thought it was safe to go back in the water, the CFPB revealed a big shark fin earlier this month by indicating it intends to develop additional reporting requirements under the Home Mortgage Disclosure Act. “As Congress required in the Dodd-Frank Act, we are considering proposing rules that would make changes in how financial institutions report their mortgage activity,” CFPB Director Richard Cordray said. “One of the main purposes of this effort is to gain greater insight into issues about access to credit.”...