Genpact is the latest mortgage vendor to trim staff. At least 81 were let go in its Irvine location.

Lenders are more cautious in the post-subprime era and they no longer practice “risk layering” on loans to borrowers with less-than-stellar credit histories as they did in the past.

So, will banks stop selling MSRs because of the CFPB? Don’t bet on it. The sales process will just take longer.

Two nonbanks among the top five servicers now control almost 9 percent of the residential receivables market. Should regulators be worried? Should the MBA?

One area on the bureau’s short list is compliance under the Home Mortgage Disclosure Act.

Public mention of the Treasury memo was first made earlier this month by former Solicitor General Ted Olson at a GSE shareholders rights advocacy forum in Washington.

The survey, conducted through the IMF website, also found that 35 percent of participants plan to sell “some” of their MSRs, but only as needed.

The firm recently launched Parkside Mortgage Trust, a REIT that will purchase non-agency loans originated by its affiliate.

Matt Monahan is expected to aid HL as it tries to take advantage of a red hot market for servicing sales. A former deal maker at Cohane Rafferty Securities, he will beef-up HL’s mortgage sales force.

Two Harbors said FHLB membership provides up to $1 billion of uncommitted credit for borrowings.