In his preamble to the Congressional report, Mulvaney sums it up best, saying "many” members of Congress “disagree with my actions as Acting Director…”

The trick, though, is to convert that higher MSR value into cash…

Cowen & Co. recently updated its forecast on GSE reform passing this year, slashing the odds to just 10 percent.

A Ginnie Mae crackdown on “loan churning” is helping MSR values in that sector as well…

Meanwhile, the servicing sector appears to be picking up a head of steam...

Freddie Mac loans under the Home Affordable Refinance Program will continue to perform better than pre-crisis mortgages, which Moody’s said bodes well for credit-risk transfers with exposure to those loans, but they will underperform more recent loans. According to an analysis by Moody’s, HARP borrowers benefited from significant payment reductions, were already showing good performance, and are likely to be more credit savvy. Freddie loans originated in 2005-07 that went through HARP had a 60-plus day delinquency rate of just 1.14 percent, as of March 2017. Moody’s said that’s well below the 6.84 percent 60-plus day delinquency rate for loans in that same period that did not go through HARP. But, the delinquency rates for HARP loans are...

At yearend 2017, CoreLogic employed 5,900, a reduction of 400 full-timers over the previous 12 months...

Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...

Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…

It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...