SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.

MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”

Are recent graduates of business schools avoiding the mortgage industry?

Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)

According to Rick Roque, who heads MenloGlobal, “for the most part, executive level opportunities are stagnant, unless production comes with it."

Rep. Scott Garrett, R-NJ, is concerned that Fannie and Freddie have resumed lobbying, at least in subtle ways.

The share of lenders reporting a decreased profit margin outlook over the next three months appears to have remained relatively stable.

The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective.

A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”

The high cost of servicing delinquent mortgages for Fannie Mae and Freddie Mac is one of the factors that prompt lenders to implement underwriting overlays, according to Laurie Goodman, director of the Urban Institute’s Housing Finance Policy Center. However, recent changes to the GSEs’ standards for servicing delinquent mortgages along with a potential adjustment to repurchase requirements are promising, she said. “In order to broaden access to credit, servicing issues ...