Despite the drought, a Fannie spokesman issued a statement saying, “Bank of America continues to be an important seller-servicer for Fannie Mae, including servicing a sizable book of loans that we own.”

The Irvine-based Citadel continues to ramp up its staff and hopes to hire another 15 to 20 workers by the end of June.

Once again, consumer criticisms about residential mortgages led the decline in both timeframes.

The replenishment rate is calculated by dividing servicing outstanding by annual production volume.

In the end, the residential originator is ceding less authority to the closing agent...

The disclosure is buried in the details of Freddie’s recent 10-Q filing with Securities and Exchange Commission.

Although Fannie Mae is poised to begin auctioning off some of its nonperforming mortgages, the market continues to be dominated by smaller deals.

According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.

The decline in the use of principal reduction mods is concentrated on bank portfolio loans as opposed to mortgages in non-agency MBS.

Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.