More clarity on the matter is expected later this month when Ginnie is set to release new guidance at the annual convention of the Mortgage Bankers Association.

Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?

The watchdog arm of Congress noted that the Treasury hasn’t implemented 6 out of 24 recommendations relating to housing programs funded by the Troubled Asset Relief Program.

There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.

In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.

Wingspan is a specialty servicer, a space that is looking increasingly crowded these days.

Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy.

IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were nonbanks.

The initiative – which is being spearheaded by The Collingwood Group – comes at a time when the share prices of publicly traded mortgage companies have reached new lows.

MountainView also will extend credit to borrowers who recently completed bankruptcy.