David Akre of Five Oaks projects that in a few years, issuance of non-agency jumbo MBS could reach $300 billion annually.

The MBS lawsuits target Barclays, Credit Suisse, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Residential Funding Securities, Royal Bank of Scotland, UBS and Wachovia.

Fannie Mae seller/servicers also can dodge the maintenance fee if they have $25 million in Fannie servicing or paid $5,000 in technology fees.

A new audit of the Mutual Mortgage Insurance Fund is due in October and speculation about its cash reserves is not good.

Citadel Servicing CEO Dan Perl said "the phones are ringing like a son-of-a-gun" at his nonprime lending shop.

Loan officers, so far, have been spared the layoff carnage, but that may change depending on where volumes wind up.

Banking regulators believe delinquency rates on HELOCs soon may rise sharply upward as a significant number of second liens reach the end of their draw period.

HUD declined to discuss the contents of the proposed standards or indicate a timetable for a final QM rule.

The firm estimates that upwards of $300 billion of MSRs are currently on the auction block with another $1 trillion to $2 trillion to come.

Nationstar's new filing with the Securities and Exchange Commission offers little in the way of information on the terms of the new $1 billion facility.