Should Fannie/Freddie profits be put in a government lockbox?

Among those weighing in on GSE capital: Michael Stegman, senior fellow at the Milken Institute, and former FHFA Acting Director Ed DeMarco...

“Customers are more promptly and efficiently served when they contact their financial institution directly with a concern,” said the American Bankers Association…

Some MSR investors are suffering from "buyer exhaustion," said one deal maker...

At June 30, Flagstar serviced $120.3 billion in home mortgages, but 77.5 percent of that represents subservicing contracts…

But AEI researchers weren’t the only ones throwing bombs…

In terms of consumer ire, Wells Fargo was the complaint market leader…

The top grower in the nonbank world was Freedom Mortgage, which upped its GSE servicing by $19.36 billion, 29.7 percent…

Although a number of large banks have recently shown more interest in the secondary market for mortgage servicing rights, there is no sign that the migration toward nonbanks is ending. A new Inside The GSEs analysis of mortgage-backed securities data shows that independent mortgage bankers increased their holdings of Fannie Mae and Freddie Mac MSR by 2.0 percent from the first to the second quarter of 2018. Depository institutions recorded an 0.5 percent decline in GSE servicing rights over the same period. Most of the bank shrinkage came from the four institutions with over $1 trillion in total assets. Although Wells Fargo, JPMorgan Chase, Bank of America and Citigroup still held a whopping...

The MBA wants the FHFA to allow the industry to have a say in all new enterprise pilots, programs and products.