Among the top three Ginnie Mae servicers at March 31, just three were banks: Wells Fargo, U.S. Bank and JPMorgan Chase. Among those ranked 11 to 20 four are depositories, including one credit union...

In some cases the bureau has even targeted nonbanks even though these institutions – by law – are not covered by the Community Reinvestment Act... 

Firms that might fit the bill include private equity and global investment managers the likes of The Blackstone Group, KKR & Co., and PIMCO, all of which are quite familiar with the mortgage market already.

Apparently, the Consumer Financial Protection Bureau is busy pursuing fair lending supervision and enforcement cases. Stay tuned...

Calabria once again calls for Fannie and Freddie to have competitors...

Tom Wipf of Morgan Stanley: "It’s time that all market participants transition their products away from U.S. dollar LIBOR where possible..."

Ginnie, it seems, is looking for assurances from “capital providers,” whomever they may be…

The rule increases the amount of mortgage servicing assets a bank can count toward Tier 1 capital...

One of the biggest mysterious surrounding the process is whether Treasury has issued a request-for-proposal regarding the assignment...