Fairholme: “Only the disingenuous would assert that recapitalization of these companies would take decades and come at taxpayers’ expense…”

Keefe, Bruyette & Woods is worried about the prepayment risk that comes with owning so much Fannie Mae/Freddie Mac servicing rights…

The largest Fannie/Freddie servicers are still Wells Fargo, JPMorgan and Bank of America, but all three continue to shrink their exposure to GSE product...

The trade group’s blueprint also throws cold water on any piecemeal “recap and release” plan for Fannie and Freddie.

"The legal challenges [to firing Cordray] must be very legitimate or they would have tossed him by now," said one industry official...

The last company to go on an MSR acquisition binge this fierce was Ocwen Financial…

Fortress also owns roughly 70 percent of Nationstar Mortgage, a stake it has held for quite some time.

New Residential, a publicly traded REIT, will obtain the rights to roughly 780,000 loans ($97 billion) guaranteed by Fannie Mae and Freddie Mac...

Bulk transfers of Freddie Mac MSRs also increased dramatically in 4Q16, more than doubling to $17.52 billion…

Keefe Bruyette & Woods questioned what would happen if the GSEs were dismantled in its recent financial podcast. Bose George, analyst with KBW, said, given the increase in guaranty fees, it’s clear that at least for higher quality loans, the private sector is ready to price just as competitively. “But we see two risks if the GSEs go away,” he said. George noted that the five trillion dollars worth of GSE MBS guarantees, which currently have no capital behind them, will need capital if that moves over to the banking system. And he said it’s safe to assume that will translate into higher mortgage rates.