FHFA chief Mel Watt noted: “In Treasury’s view, it’s a legislative decision” to change the terms of the bailout agreement.

G-fees range from 50 to 55 basis points. Prior to the housing bust, some seller/servicers had g-fee payments as low as 12 basis points.

The Mortgage Choice Act was passed by the GOP-held House in June, but failed to move through the Democrat-controlled Senate.

The repo is contingent upon PennyMac – a publicly traded REIT – maintaining minimum tangible net worth of $860 million and minimum unrestricted cash of $40 million.

In some cases, loan officers who work for net branch operators can earn 225 to 250 bps per deal.

Any monkeying with the GSE charters must get past two of the most powerful lobbying groups in all of housing finance...

DocMagic would like to double its nationwide sales staff to 20 by the time 2015 ends.

The money will flow directly into the U.S. Treasury Department, which controls the senior preferred shares of the two government-sponsored enterprises.

University is based in Hackensack and the purchase gets FFC into the Northern New Jersey market.

The FHFA proposal, however, could spell trouble for certain nonbank servicers with limited resources.