As one jumbo participant put it: “More is good.” Redwood Trust also is working on a deal, industry officials said.

The average loan size is $215,080, the average loan-to-value ratio 72 percent. The first round of bidding is scheduled for next Wednesday, June 25.

Norcom wants its wholesale account executives to be in the office, not traveling the roads.

Although the Wells Fargo-Ocwen MSR transfer is still on hold, other institutions continue to trim their mortgage servicing portfolios.

At the FHFA, Singh was involved in strategic planning to help attract private capital to the mortgage industry, a key goal of former Acting Director Edward DeMarco…

Miller said the GSEs' profitability also is "driven by income from their retained portfolios, which benefit from being funded through Treasury capital support at low rates the private market cannot obtain."

Bank of America continued to report the largest volume of repurchases with $261 million in the first quarter.

Other “fair servicing” issues have to do with fee waivers and discretion in loss mitigation.

Fannie and Freddie: They keep earning money but in the eyes of the FHFA, large risks still remain.

Spot loans are currently prohibited, but the agency is said to be reevaluating the product because of reports of first-time homebuyers having difficulty in obtaining FHA financing for condo unit purchases and seniors seeking reverse mortgages to tap the equity in their units.