Will investors in GSE stock sue the federal government for "sweeping" earnings out of Fannie Mae and Freddie Mac? Meanwhile, PennyMac worries about its "Countrywide" problem.

The issue of Fannie Mae encouraging lenders to sell for cash instead of securitizing has been a hot topic over the past few months.

Total primary mortgage insurance coverage provided by private MIs fell 6.5 percent to $50.44 billion in the first quarter, a figure that includes HARP loans.

Walter Investment, which posted strong earnings for 1Q13, is in exclusive talks to buy $10 billion of mortgage servicing rights.

Fannie Mae is set to "give back" $50.6 billion to the U.S. Treasury by June 30, thanks to stellar earnings and accounting treatment of deferred tax assets.

Ocwen has registered preferred shares with the NYSE. The sale will benefit WL Ross & Co.

Will Fannie Mae and Freddie Mac be "even" with the U.S. Treasury by yearend? Also: PennyMac Financial Services goes public.

A company affiliated with MBS co-inventor Lewis Ranieri is moving closer to issuing a security backed by "prime-quality" non-agency loans.

Freddie Mac has been profitable for six quarters but needs to show positive earnings for six more before it can recapture its deferred tax asset.

A $750 million offering of nonperforming mortgages is expected to go down this week. Meanwhile, NAFCU is mad at FHFA over the QM rule.