Bank of America’s mortgage division posted $297 million in residential income for 3Q compared to $267 million in 2Q and $290 million in the third quarter of last year.

Based on the seller’s past performance, California, Texas and Florida will account for 30 percent of the receivables. Bids are due Oct. 18.

Three GSEs: Fannie Mae, Freddie Mac and Countrywide?

“It is critically important for the GSEs to develop and implement additional CRT structures that are accessible to lenders of all sizes and business models in order to avoid reconcentration of the origination and servicing market,” writes MBA President Dave Stevens.

A $5 billion Ginnie Mae MSR sale could be in the works...

The attorney who argued the case for PHH is Theodore Olson, former Solicitor General of the United States.

Is Caliber Home Loans still looking at some of PHH’s mortgage assets?

Wells Fargo’s mortgage chief Franklin Codel is getting some new duties...

A four-year veteran of the bank in California, this mortgage loan officer said he never felt any type of pressure to cross sell other Wells products either.

The judge in the case suggests that the CFPB director has more unchecked power than anyone in government with the exception of President Obama.