The nation’s largest nonbank servicer revealed that during 2014, state regulators commenced 46 examinations “of one or more of our areas of operation…”

Among the top 10 residential servicers, just three firms managed to grow their receivables from the third to fourth quarter: Quicken, Walter and U.S. Bank Home.

Most importantly, the ATR proposal would exclude from that limit loans held in portfolio.

G-fees range from 50 to 55 basis points. Prior to the housing bust, some seller/servicers had g-fee payments as low as 12 basis points.

The Mortgage Choice Act was passed by the GOP-held House in June, but failed to move through the Democrat-controlled Senate.

FHFA chief Mel Watt noted: “In Treasury’s view, it’s a legislative decision” to change the terms of the bailout agreement.

Ruth Lee, executive vice president of TCS, expects a big year in the scratch-and-dent market, thanks to the GSEs.

Prospect Mortgage is the top contributor with a 9.1 percent share, followed by Ditech Mortgage (8.6 percent) and Skyline Financial (7.1 percent). All three are nonbanks.

Last year, the mortgage industry cautioned HUD against assessing a fee to fund certain risk management improvements in the FHA program.

Any monkeying with the GSE charters must get past two of the most powerful lobbying groups in all of housing finance...