Mortgage REITs found a cheap source of funding in the Federal Home Loan Bank system. But will the FHFA permanently block their access or just restrict it?

How much capital should nonbank mortgage servicers be required to have? The question is getting louder and louder.

The market for large "legacy" MSR deals appears to be ice cold. Then again, last week there were rumors that a $50 billion transaction might be in the works.

The FHFA will weigh the merits of taking legal action against vendors, but could take upwards of 12 months to make a final decision.

It is unclear exactly when Jay Memmott left Seterus.

In other mortgage-stock news, Ellie Mae Co-founder, Chairman and CEO Sig Anderman has been exercising stock options of late, and selling shares in the company.

But do Fannie and Freddie really represent a faulty business model, as the White House and Treasury Department keep declaring?

Will an increase in non-QM lending arrive in time to bolster the mortgage industry?

Some rating agencies fear that many of the jumbo entrants not only lack historical loan performance data, but have not yet established track records for remedying representation and warranty breaches.

When in doubt, hire an outside QM/ATR consultant to assure compliance.