Is Flagstar about to pull off a massive sale of MSRs?

During the debate, Committee chairman Jeb Hensarling accused Democrats of protecting the status quo by defending the current Fannie and Freddie dominated regime.

Not only have Fannie Mae and Freddie Mac staged a comeback, but so has MGIC. The MI giant finally turned a profit and sees better days ahead.

The easy money may be over for mortgage IPOs, but that doesn't mean deals won't get done.

On average FHA took 340 days to sell REO properties based on dispositions from January 2008 through June 2012, compared to just over 200 days for Fannie, Freddie and VA.

Statebridge, which was founded in late 2008, is looking to grow its subservicing platform. The company is licensed in all 50 states.

NAR's oposition falls primarily in two areas: The PATH Act does not include an explicit federal guaranty and the bill dramatically restructures the FHA.

The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.

In general, mortgage-related earnings were strong at the nation's banks in the second quarter, but clearly earnings "leakage" is underway. And yes, gain-on-sale is starting to slip.

The higher MSR values are not surprising, but the level of these increases have some mortgage professionals scratching their heads.