It appears that PennyMac Financial Services is in the market to buy MSRs...

“We’re looking for production and we have the appetite,” said Jeff Lemieux, who heads the third-party lending channel of Bayview. "We’d like to hire them as soon as possible.”

“The new guys are quickly gaining on the traditional players,” said Ginnie president Ted Tozer. “Some have grown from zero to $5 billion to $10 billion overnight. We’re concerned about their infrastructure and capital.”

The FHA insurance fund received $336 million of the $614 million that JPM agreed to pay…

Roughly 75 percent of the loans will come from Georgia and will be top heavy in retail product.

Chuck Klein, managing partner of Mortgage Banking Solutions, is engaged in roughly 12 transactions. “I think at least six of those will close,” he said.

Where will Fannie Mae ultimately windup? The early betting is the Washington waterfront near Nationals Park…

Back in the 1980s, when Fannie Mae was losing $1 million a day, it contemplated selling the property and came up with a value of $10 million to $15 million. Today, it's worth much more than that.

But if Fannie and Freddie sell their headquarter properties, shouldn’t they move to a low cost state like Wyoming or Montana? I

It's highly unusual that an entire staff of loan officers would leave on their own accord all at once, especially in a tough origination market.