The suit was filed in December 2012 on behalf of hundreds of thousands of investors who bought stock in an offering by Fannie in May 2008, four months before the GSE was taken over by the government.

New report sheds light on how much nonbank mortgage workers earn.

A number of mortgage companies are preparing to go public. Meanwhile, non-agency MBS issuers are churning out deals again after a slight delay.

Roughly $495 billion of residential MBS and non-mortgage ABS were issued during the second quarter of 2013, according to a new Inside MBS & ABS market analysis.

The silver lining in the 2Q numbers is a strengthening home-purchase market. Fannie and Freddie securitized $81.7 billion of home-purchase mortgages during the second quarter, their highest quarterly volume since the second quarter of 2009.

The review found that 37 percent of the mortgages were “deficient” and just 19 percent met FHA requirements.

Credit Suisse issued a non-agency jumbo MBS backed predominantly by seasoned mortgages from First Republic Bank.

Well, at least the White House is happy. Fannie and Freddie turned over $66.4 billion to the government at the end of June, money that will help reduce the deficit.

The Federal Reserve will go ahead with proposed rule changes related to mortgage servicing rights, but with what it calls a “lengthy transition period.”

Stonegate Mortgage, a fast growing lender, wants to go public. Meanwhile, thanks to the Fed, MSR sales could be massive.