Of course the bigger question is this: what role, if any, will the Fed play in deciding the future of Fannie and Freddie?

But there was some good news: BofA reported $4.05 billion of second lien production in the first quarter, a 13.7 percent improvement from the prior period.

In 2016, Movement Mortgage added 201 branches in five states. It now has 662 locations in 47 states.

John Getchis, senior vice president at Ginnie Mae, said he does not think the churning trend will continue…

Nationstar is handling the servicing chores on most of the loans, with Ocwen Financial taking a 2.60 percent share.

While the market for nonprime MBS was relatively strong during the first quarter, Moody’s said some investors have shied away from the sector.

The Consumer Financial Protection Bureau referred eight matters to the Department of Justice last year, claiming it found discrimination in credit transactions.

At the end of 2016, the CFPB had a number of pending investigations in the fair lending area, but the regulator offered no other details.

Affiliates of Bayview Asset Management will package more than 3,000 seasoned mortgages into Koitere Fund Trust 2017-SPL3 and Bayview Opportunity Master Fund IVa Trust 2017-LL1.

Even though PennyMac fared slightly worse than the total market, its first-quarter downturn was less severe than Wells Fargo’s.