Watt noted the CRT coverage has come at a financial cost – and that Fannie and Freddie have been paying a premium.

What if the FHFA cuts the payments and hands Treasury an IOU? The possibilities are endless...

All three hope to raise cash by selling MSR assets, eliminate the need to hold large sums for servicing advances and – importantly – buy some time.

Deutsche noted that after years of a steady broad-based housing market recovery “investors are now facing severe shortages in distressed housing pipelines.”

This fall will mark – unless there’s divine intervention or a Kumbaya moment in Washington – the ninth anniversary of the federal takeover of Fannie and Freddie.

Out as CEO is Brian Hale, who helped groom the company for much of this decade. Hale is departing for a new venture called DCC Holdings.

In other words, Ocwen should have told shareholders that there was an MOU with the MMC.

A DocuSign spokesman did not return a telephone call and email regarding the hacking campaign.

Although it lost money on an accounting basis, its funds from operations, or FFO, came in at $78.2 million compared to $64.3 million for 1Q16.

Montgomery currently serves as vice chairman of The Collingwood Group, a consultancy which he co-founded in 2009.