As of September 30, banks and thrifts held $15.50 billion in repurchase reserves, most of it tied to Fannie/Freddie loans.

Ocwen also did not disclose what it paid to acquire the nonperforming loans or who the buyer was.

Aquiline is headed by Jeffrey Wayne Greenberg, son of former AIG chairman Maurice “Hank” Greenberg.

Bank and thrift MSR holdings peaked at $5.977 trillion back at the end of 2009.

Roughly 86 percent of the mortgages were correspondent originations.

Moreover, CMLA wants lower guaranty fees for seller/servicers...

But who is the mystery lender that Impac is talking to?

Nationstar, Ocwen, Select Portfolio Servicing and Wells Fargo all need moderate improvement in their HAMP performance.

The City of San Francisco has delayed a proposed partnership with Richmond, CA, to use eminent-domain authority to forcibly acquire distressed mortgages out of non-agency securitization trusts, opting instead to study the impact of such an agreement as well as other alternatives to assist underwater homeowners. Opposition by the San Francisco City Controller and the mortgage banking industry has forced John Avalos, a member of the city’s Board of Supervisors, to scale back his partnership proposal. Avalos laid out...

What do Fannie and Freddie really think of nonbanks? Read their SEC filings.