Investors Unite is not happy...

The $3.42 trillion of servicing held by nonbanks was up 20.7 percent from December 2016…

Bill Maloni, a retired Fannie executive who’s been tracking the reform debate for years, believes the Corker bill, if enacted as is, eventually will place the secondary market in the hands of the megabanks.

The FHFA would be tasked with maximizing profits on any asset sales by Fannie and Freddie, according to the Corker bill…

Over the past two years, PHH has sold off large chunks of its MSR portfolio, while remaining as the subservicer of record…

The only firms that are feeling overly bullish are nonprime shops such as Angel Oak and Citadel Servicing…

Mnuchin said the 30-year FRM cannot survive without Fannie and Freddie...

Treasury would be barred from selling or disposing of “any senior preferred shares, any interest in the warrants, any common shares acquired upon the exercise of the warrants, or any other equity interest that were acquired pursuant to the Senior Preferred Stock Purchase Agreement.”

Industry consultant Joe Garrett: “Commissions to retail loan officers are still just about the biggest expense in the industry.”

The authors note that 90 percent of Fannie/Freddie MBS trading occurs in the TBA forward market.