Back in 2011, large bank servicers – including Wells Fargo, JPMorgan and Bank of America – controlled roughly 94% of the mortgage servicing market, a fact cited in a new report from the Conference of State Bank Supervisors. Today, just four commercial banks rank among the top 10 servicers.

FHFA Director Mark Calabria: Reducing risk isn’t necessarily the same as reducing volume…

Flagstar estimates it will recover about $1 million of the cost in the third quarter while it continues to pursue other legal remedies tied to Live Well...

A reason for GSE shareholders to rejoice: The FHFA will eliminate the net worth profit sweep shortly… 

One source said a $30 billion bulk servicing portfolio went out for bid but was unclear whether the receivables actually traded...

Freddie Mac was active in the MSR financing sector while Fannie stayed mostly on the sidelines.

One industry lobbyist, requesting anonymity, noted that when it comes to a possible recapitalization-and-release plan for Fannie and Freddie, “Everything flows from the capital rule. This shows us the [recap and release] process will not go quickly.”

One Fannie/Freddie historian reminded us recently that there used to be a conforming loan limit for GSE multifamily loans. The big question: Why did it disappear?...

FHFA modifies multifamily caps to help keep Fannie and Freddie from crowding out private investment.

Regulator increases the GSEs' multifamily caps while, at the same time, removing exclusions for green loans.