For the past two years, Bank of America has been the poster child of legacy servicing sales, but it may soon have some company. According to industry advisors who specialize in the mortgage servicing rights market, JPMorgan Chase and a few other large banks with seasoned portfolios are developing “deal teams” to explore their options. Chase’s name has surfaced from time to time as a select seller of legacy product. But it also has been a selective buyer of servicing, including the purchase last fall of $70 billion in rights from MetLife, which was closing out its interest in the mortgage business. A spokeswoman for Chase declined...

“Confusion and uncertainty around representations and warranties standards continue to cause lenders to add their own overlays to the existing GSE credit standards,” said MBA vice chairman Bill Cosgrove.

Are huge origination profits a thing of the past? Meanwhile, time is running out on the White House GSE petition.

Some non-agency participants have called for an immediate return to conforming loan limits of $417,000, which were in place in 2008 before Congress established “emergency” loan limits for high-cost areas.

The recent rate spike is causing concerns in the jumbo market, particularly for issuers.

Want to issue MBS in the mortgage market of the future? Better bring your wallet.

Piper Jaffray owns 8.72 percent of Bexil Corp., the parent of Bexil American Mortgage. Meanwhile, ICBA likes the Corker-Warner bill, but...

Freddie filed repurchase requests on some $361.6 million of 2012 originations during the first quarter of this year, according to figures compiled by Inside Mortgage Trends.

Provident Funding has one word for last week's rate spike: "Ugly." Meanwhile, the TBW MSR portfolio finally gets sold...

The Congressman argues that if the two are not allowed pay down their draws from Treasury “then any future funds sent" to the U.S. should be reinvested in the housing market.