Stan Kurland, PennyMac’s chairman and CEO, said the FHLB application for PMT Insurance has been on hold since it was submitted.

One servicing advisor raised an interesting scenario Tuesday: Maybe Bill Erbey will swoop in and buy all of Ocwen’s shares and take the whole thing private.

Meanwhile, new revelations about regulatory problems in California are likely to make Ocwen’s disposal of servicing rights problematic.

The Council of Federal Home Loan Banks said the FHFA has shown “no compelling need” for the proposed changes to membership standards.

Despite Cordray's proclamation, loan production fell by 35 percent last year, but all that was tied to refis plunging. Right?...

“I only saw about 5 percent of my buyers face-to-face last year,” said one Texas-based loan officer.

S&P believes the gap in execution between whole-loan sales and securitization has started to narrow.

However, the VA loan program does not require a downpayment, which is a major attraction for some borrowers.

There was one piece of good news: Freddie Mac managed to boost its share of the GSE market up to 40.6 percent for all of 2014.

New MBS and ABS issuance last year was down 34.4 percent from 2013, largely due to a huge decline in agency single-family MBS production, according to a new Inside MBS & ABS analysis. A total of $1.145 trillion of residential MBS and non-mortgage ABS were issued during 2014, the lowest annual production volume since 2000. Last year got off to a very slow start, with just $517.0 billion in new issuance through the first six months of 2014, before gaining pace during the second half. Total issuance fell 4.8 percent from the third to the fourth quarter. Agency MBS remained...[Includes three data charts]