Outside of CitiMortgage and SPS, no other servicers received one-star ratings on the seven metrics tested for the Treasury in the first quarter of 2014.

The number of mortgage companies in California rose 7.8 percent on a sequential basis. Nationwide, there are 392,896 federally registered mortgage loan officers…

Miller said the GSEs' profitability also is "driven by income from their retained portfolios, which benefit from being funded through Treasury capital support at low rates the private market cannot obtain."

Other “fair servicing” issues have to do with fee waivers and discretion in loss mitigation.

Fannie and Freddie: They keep earning money but in the eyes of the FHFA, large risks still remain.

Spot loans are currently prohibited, but the agency is said to be reevaluating the product because of reports of first-time homebuyers having difficulty in obtaining FHA financing for condo unit purchases and seniors seeking reverse mortgages to tap the equity in their units.

Bank of America continued to report the largest volume of repurchases with $261 million in the first quarter.

Can James Furash, another former top Countrywide executive, pull a Stan Kurland, and turn AmeriHome into a mortgage juggernaut?

“DOJ may not have the evidence to try this as a fraud case,” Judge Max Cogburn said.

Specifically, the mortgages will be above the Fannie Mae/Freddie Mac loan limit of $625,500. But before Redwood can buy its first jumbo loan, the Federal Housing Finance Agency must sign off on the effort.