One competitor to Prospect described Mike Williams as a “great technical guy.” He added that having Prospect go public is “the next step” in Sterling’s exit strategy.”

Outside of CitiMortgage and SPS, no other servicers received one-star ratings on the seven metrics tested for the Treasury in the first quarter of 2014.

At the FHFA, Singh was involved in strategic planning to help attract private capital to the mortgage industry, a key goal of former Acting Director Edward DeMarco…

Miller said the GSEs' profitability also is "driven by income from their retained portfolios, which benefit from being funded through Treasury capital support at low rates the private market cannot obtain."

The number of mortgage companies in California rose 7.8 percent on a sequential basis. Nationwide, there are 392,896 federally registered mortgage loan officers…

Bank of America continued to report the largest volume of repurchases with $261 million in the first quarter.

Other “fair servicing” issues have to do with fee waivers and discretion in loss mitigation.

Fannie and Freddie: They keep earning money but in the eyes of the FHFA, large risks still remain.

Spot loans are currently prohibited, but the agency is said to be reevaluating the product because of reports of first-time homebuyers having difficulty in obtaining FHA financing for condo unit purchases and seniors seeking reverse mortgages to tap the equity in their units.

Can James Furash, another former top Countrywide executive, pull a Stan Kurland, and turn AmeriHome into a mortgage juggernaut?