Although the nation's largest lender, Wells Fargo, saw residential fundings slip in the first quarter, Citigroup had a gain.

The market for residential servicing rights is picking up a full head of steam with several packages out for bid.

Now that Fannie Mae and Freddie Mac are earning a ton of money, who will have a say over what happens to that cash?

Fannie Mae and Freddie Mac are now earning money hand-over-fist - cash that will wind up in the coffers of Uncle Sam. But is the White House underestimating how much the two GSEs will earn?

The bulk servicing market is beginning to generate heat. The latest offering comes from Interactive Mortgage Advisors, but other deals are in the works as well.

Freddie Mac has a new head of single-family: David Lowman, an industry veteran who in the past headed mortgage operations at JPMorgan Chase and Citigroup.

The FHFA has extended the popular HARP 2.0 program until the end of 2015. But what about HARP 3.0?

The White House expects huge profits over the next 10 years from - drum roll please - Fannie Mae and Freddie Mac.

Wells Fargo has unloaded most of - but not all - of its remaining servicing rights tied to reverse mortgages. However, the bank says it is still "committed" to seniors through home equity loans.

More than 10 bidders showed up for a recent auction of new Fannie Mae servicing rights, a sign that the MSR market is getting hot.