Since the housing bust, very few mortgage firms have securitized MSRs, though they have used securitization vehicles for advances.

The advisory firm based its findings on the operating results of 37 independent mortgage banking companies across the U.S.

Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.

A number of banks have been motivated to reduce their MSR holdings because of concentration limits imposed by the emerging Basel risk capital rules.

CitiMortgage performed the worst on the assessment of non-agency HAMP activity for the second quarter of 2014, with the Treasury claiming that the servicer needs to make substantial improvements.

MBA's Gross noted that the cost of changing external auditors is “significant,” both for large and small seller/servicers, whether they are public or not.

In general, the industry believes a g-fee hike may not happen after all, but then there's all those "other charges."

One source said the $3 billion “traded a few weeks back,” but could offer no more color on the transaction.

One question we occasionally hear is this one: If the GOP this fall gains control of the Senate can’t they just push through a GSE reform bill and hope to override a presidential veto, if there is one?

Mortgage lenders securitized $90.95 billion of single-family MBS through the GSEs and Ginnie Mae during August – the biggest monthly volume since September 2013, according to IM&A.