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.

Despite the slowdown, an estimated 630,000 mortgages were guaranteed by VA in FY 2013 – a record. Wells Fargo was the top VA funder with $14.82 billion. USAA was second.

Why are speculators shorting mortgage stocks? Answer: The "servicing trade" might be over, but not everyone believes that.