Besides Citi, a handful of large depositories are in the midst of wrapping up sizable MSR auctions this week, including offerings from Wells Fargo and Flagstar Bancorp.

Citadel Servicing CEO Dan Perl said "the phones are ringing like a son-of-a-gun" at his nonprime lending shop.

Loan officers, so far, have been spared the layoff carnage, but that may change depending on where volumes wind up.

The secondary market for mortgage servicing rights continues to spit out new offerings, especially in the bulk arena.

PHH saw its share price spike late last week after rumors spread that it may sell a large block of mortgage servicing rights.

Residential mortgage REITs held $327 billion of single-family MBS at the end of the second quarter, according to a new market analysis by Inside MBS & ABS.

Fannie Mae this week hired James Kittridge, a former executive from Barclays Capital, to manage its participation in the fledgling common securitization platform project with Freddie Mac. However, both Fannie Mae and Freddie Mac – and their regulator – continue to provide little in the way of public information on how the CSP project is progressing. The Federal Housing Finance Agency will not even confirm that it recently hired the search firm of Spencer Stuart to help find an executive to oversee work being performed by the government-sponsored enterprises and a core group of staffers at the regulator. The starting salary for the FHFA CSP post is...

It’s not a surprise that FHFA has been quiet about its not-overly popular state-level g-fee proposal, according to Robert Bostrom, a shareholder at the law firm of Greenberg Traurig and a former general counsel at Freddie Mac.

Five years after it filed for Chapter 11 protection, the remains of the investment bank Lehman Brothers is asking a New York bankruptcy judge to rebuff a legal claim by Freddie Mac that would put the GSE at the front of the line of creditors. In papers filed with U.S. Bankruptcy Court in Manhattan last week, Lehman Brothers Holdings Inc. said that Freddie is not entitled to a “priority recovery” under Lehman’s confirmed plan of reorganization as the GSE seeks to recover $1.2 billion in unpaid loans. Freddie had been...

The implementation date for lower GSE loan limits is being shifted to the end of the first quarter, or so we hear. Meanwhile, Citadel enters the market for stand-alone seconds.