Many banks are beginning to shy away from the product as the Inspector General of the Department of Housing and Urban Development and Justice Department take banks to task for underwriting flaws.

Mystery continues to surround the seller of that $27 billion MSR package...

We only bring up the “going private” issue because class action attorneys have finally woken up to the fact that Ocwen’s shares have been clobbered over the past year...

The HUD IG found the Federal Housing Administration failed to bill lenders for 486 loans with enforceable indemnification agreements that created losses for the FHA.

One bidder who has looked at the Ginnie MSR package from PHH described it as “seasoned with some delinquencies in it.”

One non-QM executive who competes with Impac said the company’s forecast likely will not come true. “Right now, this is a very limited market – and there are no securitizations,” he said.

Senator Investor Group now owns a 6.28 percent stake in Radian, a top ranked mortgage insurer.

The CSP, formally known as Common Securitization Solutions LLC, does not have a chief executive office or chairman.

As IMFnews went to press, no other details were available on the transaction, including the identity of the seller or whether the product is “newly originated” or “legacy” in nature.

According to figures compiled by Inside Mortgage Finance, Freedom grew second quarter originations by almost 49 percent, the best sequential gain for any top 10 ranked lender.