Credit Suisse submitted winning bids on all of the non-agency MBS auctioned by BlackRock, with most of the securities quickly being placed with other investors.

Nationstar Mortgage and Walter Investment are the only seller/servicers (counterparties) mentioned by name in the FHFA IG report on nonbank risk.

NAR Chief Economist Lawrence Yun: “The way they have raised premiums and fees – the way I view it and what I hear from Realtors – is essentially they are ripping off consumers. It’s almost as if HUD needs to be turned over to the CFPB to be investigated"...

The top 25 originators accounted for an estimated 62.6 percent of new production. That was the lowest top-25 market share since 2000.

Are officials at HUD worried that JPM's Jamie Dimon may follow through on his threat to leave the FHA program? Not in the least.

The 10 groups question “whether it is appropriate for the GSEs to target private sector returns while in conservatorship.”

In response to the suit, a Chase spokesman said, “We approved Ms. Wasko for a loan modification in 2010, but she never accepted it."

Regarding portfolio retention, the GSE found that over the next three months, 56 percent of nonbanks hope to grow their loan portfolios.

Freedom Mortgage reported continued growth in originations in the second quarter of 2014, largely driven by correspondent production. The nonbank has focused on agency mortgages with strong underwriting, retaining servicing on the loans. Freedom had $5.72 billion in originations in the second quarter of 2014, a big 48.7 percent increase from the previous quarter and up 31.1 percent compared with the second quarter of 2013. Officials at the nonbank touted Freedom’s strength while originations have declined overall. “While the mortgage industry is experiencing a downturn, Freedom Mortgage has increased...

Or perhaps the FHA is concerned that the private mortgage insurance industry will continue to gain market share at its expense?