Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private."

In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.

The watchdog arm of Congress noted that the Treasury hasn’t implemented 6 out of 24 recommendations relating to housing programs funded by the Troubled Asset Relief Program.

There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.

In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.

Wingspan is a specialty servicer, a space that is looking increasingly crowded these days.

The initiative – which is being spearheaded by The Collingwood Group – comes at a time when the share prices of publicly traded mortgage companies have reached new lows.

MountainView also will extend credit to borrowers who recently completed bankruptcy.

Calvin Wong of Morningstar noted that rating shopping is most obvious in the commercial MBS market

For those lenders originating HELOCs, they will have more failed loans on their hands – that is, if the theory is proved true.