Ratings on servicer advance asset-backed securities issued by Home Loan Servicing Solutions and Nationstar Mortgage could be downgraded due to a change in rating criteria by Standard & Poor’s that was implemented after the ABS were issued.

The new requirements become effective for FHA case numbers assigned on or after March 11, 2014. Comments are due by Feb. 10, 2014.

At September 30, Flagstar had capitalized the MSRs on its balance sheet at 107 basis points.

Ginnie Mae chief Ted Tozer noted: “We want aggressive outreach to find out what the issues are. If they aren’t issuing, we want to know why."

Freddie Mac reported new buyback demands on $3.3 billion of mortgages during the third quarter, a stunning 31 percent increase from the previous period.

Some 44 percent of mods on portfolio loans by eight large banks and thrifts include principal reduction in the third quarter of 2013.

It's not every day that a REIT gains access to a Federal Home Loan Bank. This REIT, of course, likes to buy mortgage servicing rights.

Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.

The GSEs’ common industry dataset that supports the CFPB’s new disclosure form is called the Uniform Closing Dataset, and is one component of the Uniform Mortgage Data Program, an ongoing effort being directed by the FHFA.

One former regulator told us that HUD is relying too heavily on foreclosure sales, which can drive down median values.