MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…

At one point, the IBM-controlled Seterus did contract servicing work for Fannie Mae...

Credit unions are currently prohibited from purchasing MSRs as an investment. The proposal was opposed by the Democrat on the NCUA's board.

This year, mortgage bankers were making too much money and pushed aside the thought of selling. Next year might be a different story...

Although early-payment delinquency rates were up across the board, they remained significantly lower than six months ago.

A proposed rule regarding credit unions and MSRs is scheduled to be discussed late this week at an NCUA board meeting.

Call-report data analyzed by Inside Mortgage Finance show that banks, thrifts and credit unions housed $371.4 billion of HELOCs on their balance sheets, down 3.1% from the second quarter.

Roughly 33% said profits will remain the same while 48% expect earnings to decrease...

David Rosenblum, a partner in the firm, said Prophet has “an appetite for billions more.”