The DOJ, as anticipated, switched sides in this dispute after President Trump took office.

Is the White House pondering HUD-related nominations?

The ICBA believes the GSE risk-sharing securities are illiquid and would likely “dry up” in times of market stress.

Flagstar sold $8.0 billion of residential servicing rights during the first quarter compared to $6.7 billion in the fourth quarter.

Nonbank mortgage firms increased their servicing portfolios by 3.0 percent during 1Q17, more than double the 1.3 percent increase in total Fannie/Freddie servicing during that period.

Such loan terms as “temporary financing” and “automated underwriting system” would be clarified…

Fitch notes that New Residential Investment Corp., a publicly traded REIT, owns $118.7 billion in servicing rights that are being subserviced by Ocwen.

A Fannie spokesman stressed that this effort in no way represents the GSE getting into the student loan business…

The company adds: “Under these circumstances, Ocwen has a responsibility to its customers, shareholders, and employees to vigorously defend the company.”

Matrix Financial Services edged out Lakeview Loan Servicing as the top acquirer of servicing rights through co-issuance deals…