Just as with the Perry GSE litigation, Fairholme’s suit demands that the Treasury amendment to the preferred stock purchase agreement be voided.

A year ago, only two to four bidders would show up for an MSR auction. But those days are long over.

The FHA is considering whether to establish a maximum limit for “unacceptable” loans as well as a process to make post-endorsement reviews more efficient.

As reported by Inside MBS & ABS earlier in the year, the two GSEs are sitting on large unrealized gains on some of their MBS holdings, including non-agency.

Need a zero-down mortgage for $650,000? Another Washington-area credit union steps up to the plate.

Agency MBS accounted for 98 percent of credit union investments in mortgage securities, according to Inside MBS & ABS.

PMFS, an affiliate of PennyMac Mortgage Investment Trust, said the repo line will be used to fund new residential originations.

Any lender that has refis greater than 50 percent could be at risk for layoffs, said one industry consultant.

A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.

Most banks carry their MBS in the “Available for Sale” accounting category, carried on the balance sheet at fair value.