Credit enhancement levels set by the rating services play a major role in an issuer’s decision to come to market.

BofA continues to carve down the size of its mortgage servicing portfolio.

The general fear is that higher-than-needed capital standards will cause mortgage insurers to hold unnecessary amounts of assets that will force the industry to raise premiums.

The remaining undrawn taxpayer commitment to the GSEs is $258.1 billion dollars, Stegman noted.

The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...

“Fannie and Freddie have made tremendous strides to provide clarity in the system and create innovations,” said Peter Carroll, executive vice president for mortgage policy and counter party relations at Quicken Loans.

Wells' application pipeline is at the highest level seen since the second quarter of 2013.

Chase had $326 million in net income from mortgage banking in the first quarter of 2015, down 3.6 percent compared with the previous quarter.

Ocwen officials stress that the company has made significant progress in strengthening its operations and capital structure.

“The greater comfort that banks have in the current regulatory environment has situated them as more potential buyers of mortgage servicing product than was the case several years ago,” Fitch Ratings said.