"The ECB has a real problem on its hands," said Barry Habib, who runs MBS Highway, an analytics firm that offers lenders advice on when to lock rates.

Treasury and the FHFA not only acted “arbitrarily and capriciously” in executing the Third Amendment to the Preferred Stock Purchase Agreements with the GSEs, the agencies ignored “salient data,” including Fannie’s and Freddie’s tens of billions of dollars in deferred tax assets.

Western Asset Management has a "ton of fire power" when it comes to buying non-agency mortgages, said one source.

Fairholme still owns a ton of GSE stock. At press time Wednesday, Fannie common was trading at $4.77. The most Fairholme ever paid for Fannie common was $2.07. Sweet…

Zach Oppenheimer, a senior vice president at Fannie Mae, said it’s a positive development that more private capital is coming into the mortgage servicing space.

The $75 million in financing includes $50 million from a Wall Street firm and a $25 million line from a California commercial bank.

The “arm’s length transaction” policy of Fannie Mae and Freddie Mac prohibit property sales to non-profits that resell to the original homeowner.

It’s no secret that aggressive mortgage banking firms are recruiting top executives and loan officers away from other firms. One of the busiest recruiters that we know of its Mortgage Master of Walpole, MA.

The first quarter of 2014 marked the lowest point in mortgage banking income for depositories since the second quarter of 2011.

One warehouse executive, speaking under the condition his name not be used, said “Luckily for us, compared to January, things are great.”