Read the tea leaves: Just 56.4% of second-quarter loan originations have been pooled in MBS. In recent years, the overall securitization rate has run at about 70%.

The CSBS report: “Thin liquidity margins, especially when coupled with the other risks identified above, can put a nonbank in a sudden compromised position triggered by a reduction in revenues or other market or economic events such as volatile interest rates that can have significant impact on the value of MSRs.”

FHFA Director Mark Calabria: Reducing risk isn’t necessarily the same as reducing volume…

Flagstar estimates it will recover about $1 million of the cost in the third quarter while it continues to pursue other legal remedies tied to Live Well...

A thirst for yield has spurred some large big-name banks to invest in hard-money loans, albeit quietly…

Annual adjustments in the GSE loan limit are required by law and FHFA regulations peg them to changes in an index of average house prices maintained by the agency. As of the most recent reading, the loan limit will easily climb over $500,000 in 2020, a threshold that will get people’s attention.

A reason for GSE shareholders to rejoice: The FHFA will eliminate the net worth profit sweep shortly… 

The CFPB will leave all previously disclosed fields intact, including consumers’ narrative descriptions of their complaints...

One source said a $30 billion bulk servicing portfolio went out for bid but was unclear whether the receivables actually traded...

Freddie Mac was active in the MSR financing sector while Fannie stayed mostly on the sidelines.