Treasury counselor Michael Stegman noted that policymakers on both sides of the aisle are dissatisfied with the current status quo regarding Fannie Mae and Freddie Mac.

Marina Walsh, vice president of industry analysis for MBA, said, “We don’t have enough information to do a thorough analysis of the proposal.”

The MountainView package is top heavy with California product. The identity of the seller was not provided.

But that reticence could be slipping. As the week opened, the yield on the benchmark 10-year Treasury was at 1.94 percent, the highest it has been in several weeks.

Fannie, Freddie and Ginnie produced $85.18 billion of new single-family MBS during the month of January.

Michael Stegman, a counselor to the Treasury on housing finance policy, said the exercise aims to solve the “chicken-and-egg” issue that some see as holding back non-agency MBS activity.

New issuance of single-family MBS by Fannie Mae, Freddie Mac and Ginnie Mae fell 4.6 percent from December to January, according to a new Inside MBS & ABS ranking and analysis. The three agencies produced $85.18 billion of new single-family MBS last month. The good news is that was up a hefty 24.3 percent from January 2014; the bad news is January 2014 came toward the end of a nine-month swoon in agency MBS production. All of the decline in monthly MBS issuance resulted...[Includes two data charts]

With Ocwen about to unload a massive amount of servicing rights will the company still need to have such a large back-office operation in India?

Reverse mortgage lenders now have the option to delay calling a Home Equity Conversion Mortgage due and payable where there is an eligible non-borrowing spouse and a case number assigned prior to Aug. 4, 2014. A delay would postpone foreclosure triggered by the death of the HECM borrower or the last surviving borrower and allow the qualified, non-borrowing spouse to stay in the house for a certain period until the HECM is resolved. Under revised FHA guidance, reverse mortgage lenders are allowed to assign eligible HECMs to the Department of Housing and Urban Development upon the death of the borrower. They have the option of foreclosing in accordance with the contract as endorsed or choose the “mortgagee optional election assignment (MOE).” MOE means the optional assignment selected by a lender for a HECM loan with an assigned FHA case number prior to ...

The nation’s largest nonbank servicer revealed that during 2014, state regulators commenced 46 examinations “of one or more of our areas of operation…”