The national director of retail sales at a top-20 ranked lender is out in the cold. Details to follow...

Standards for qualified-residential mortgages along with risk-retention requirements for certain non-agency mortgage-backed securities take effect Dec. 24, 2015. The final rule establishing the implementation date was published in the Federal Register at the end of December 2014. Federal regulators first detailed...[Includes two briefs]

In 2013, CashCall sold roughly $10 billion of residential servicing rights – a sale that may have been forced by Fannie Mae, sources told IMF.

A spokesman for Impac said the purchase price will be disclosed “when the final docs are filed.”

A spokesman for the company told IMFnews that the company does not discuss specific meetings it has with regulators...

“There’s a lot of 60- and 70-year old mortgage managers out there.”

MountainView did not identify the company selling the servicing rights except to say it is a “well capitalized servicer.”

Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)

According to Rick Roque, who heads MenloGlobal, “for the most part, executive level opportunities are stagnant, unless production comes with it."

The market heated up significantly in 2013 with $152.22 billion of Ginnie MSRs being transferred.