It stands to reason that by waiving the charge that Freddie might take in less revenue, but a GSE spokesman said as a financial matter, “it’s not material.”

The former analyst said Freddie has “an inferior security [MBS] necessitating the need for a lot of time and expense to create a common securitization platform…”

All three mortgage-production channels saw increased volume during the first quarter of 2015, but brokers made the most of the rising market, according to a new Inside Mortgage Finance ranking and analysis. Mortgage brokers produced an estimated $39.0 billion of home mortgages during the first three months of 2015, an increase of 14.7 percent over the fourth quarter. That pushed the broker share of originations to 10.8 percent, the sector’s highest market share since 2010. Retail production facilities did...[Includes five data tables]

Texas and Florida, the second- and third-largest sources of GSE business, both saw solid gains from a year ago...

Although Freddie Mac did not disclose the exact purchase price, it said the cover bid was in "the mid 70s of UPB..."

According to the offering circular, the receivables are geographically dispersed with Texas accounting for the largest share at 7.2 percent.

A big part of the MBS liquidity issue is caused by the Fed’s massive holdings, said Steve Abrahams, a managing director at Deutsche Bank.

Another concern that has come up regarding employment is the graying of the mortgage executive suites.

One new portfolio that came out for bid recently entails the transfer of $328 million of Fannie Mae receivables in Massachusetts.

Commercial banks and thrifts held $1.58 trillion of residential MBS at the end of March, a 2.6 percent increase from the previous quarter.