Although "legacy" GSE buyback requests are declining, Freddie Mac is paying close attention to more recent production.

Fannie Mae and Freddie Mac may take action to recover deficiencies from a defaulting mortgage borrower if permitted by federal or state law.

If the U.S. defaults on its debt payments, will mortgage rates go sky high? Meanwhile, will JPM rescure FHA?

FHA admits it will need a bailout, well sort of.

If you're looking for another factor in the red hot MSR market, consider this: housing receivables keep shrinking.

Not only is Citigroup selling $61 billion in legacy MSRs, but the megabank is trying to clear out its legacy buyback exposure.

It’s no secret that Nationstar has been an active bidder on MSRs the past two years, taking down some huge packages of product, including receivables from Bank of America.

Fannie Mae and Freddie Mac will determine new risk ratios for the mortgage insurance industry, not the Federal Housing Finance Agency.

FHA needs money, right? Some of that cash may come to the government insurer in a roundabout way from JPMorgan Chase.

Bargain hunters are beginning to eye the mortgage market, hoping to pick up franchises at a discount to prices paid in 2012 and earlier this year. But getting capital-rich companies to sell – even with refinance production dwindling – could prove to be a challenge. “We haven't seen any efforts to re-price transactions in process,” said Chuck Klein, managing partner of Mortgage Banking Solutions, Woodway, TX. “If volume and profits are falling below the budget and forecast on deals at the discussion level, then the seller must be able to present a reasonable explanation of how they are to achieve projections in their budget and growth.” Larry Charbonneau, who runs Charbonneau & Associates, another Texas-based consultancy, said...