Mortgage firms that handle 5,000 or fewer loans will receive a significant exemption from servicing rules released today by the Consumer Financial Protection Bureau

Although the Consumer Financial Protection Bureau has finalized its servicing regulations, it likely will take a close look at the transfer of mortgage servicing rights – a business that has been booming of late, with most of the activity tied to “legacy” product.

Bank of America, which is in the process of selling roughly $308 billion worth of mortgage servicing rights, recently trimmed its servicing staff by at least 700 workers...

Add former GSE regulator James Lockhart to the growing chorus of industry officials who believe that using Fannie Mae and Freddie Mac to refinance underwater non-agency mortgages is a bad idea.

A $14 billion package of high-touch mortgage servicing rights owned by Bank of America has failed to trade, according to servicing advisors familiar with the transaction.

Forget (for now) the story about Bank of America scuttling the sale of $14 billion of high-touch mortgage servicing rights. Inside Mortgage Finance is hearing that over the past several weeks the megabank was looking to unload upwards of $300 billion in MSRs, or at least talking about it to select buyers. BofA, as we pointed out, doesn’t talk about its servicing sales, though it does acknowledge them (sometimes) in its earnings calls with analysts.…

Bank of America Monday morning said it has agreed to sell $306 billion of legacy, bulk mortgage servicing rights to Nationstar Mortgage and Walter Investment Management Corp. for an undisclosed sum. And sources tell Inside Mortgage Finance that more MSR sales are in the works at the bank.

Depository institutions managed to trim the volume of mortgage loans they serviced for other investors during the third quarter of 2012, according to a new Inside Mortgage Trends analysis of call report data.

Fannie Mae is working on building an in-house unit to value mortgage servicing rights, according to industry officials who’ve been briefed on the GSE's plans.

Although 10 servicers have agreed to shell out $8.5 billion as part of the OCC/Federal Reserve foreclosure settlement, it won’t be known for up to a month exactly how much it will cost each bank.