Stevens also said that while he was FHA commissioner he chose not to go after lenders for violating the False Claims Act because he said such actions would have opened a “Pandora’s Box.”

Last year loanDepot bought Mortgage Master, Walpole, MA, one of the largest home lenders in New England.

Fidelity, a market leader in title insurance, has a market capitalization rate of $10.6 billion and is headed by William Foley, age 70, who has a history of spinning off companies.

Interactive Mortgage Advisors, MIAC and The Prestwick Group are working on deals as well.

Many shops continue to recruit for LOs but with the caveat they have strong ties to Realtors and homebuilders.

One advisor reminded us that in the world mortgage M&A many potential deals go south...

The new sunset date is December 31, 2016.

Like Freddie Mac, Fannie cautioned that future earnings will be lower because of the company’s mandate to shrink.

Most firms report the earnings/loss figure in the first or second paragraph of their press release, but not Stonegate Mortgage.

Now that brokers are gaining traction, the big question becomes: how much more market share can they gobble up?