Plaintiffs’ attorney Hamish Hume said he’s optimistic shareholders can persuade a DC jury that FHFA and the Treasury violated shareholders’ contractual rights when they agreed to implement the net worth sweep in 2012.

Higher home prices allowed the enterprise to shift from a $395 million provision for credit losses in the first quarter to a $537 million benefit in the second.

The mortgage giant saw a $132 million first-quarter provision for losses shift to a $1.22 billion benefit in the second.

Ohio-based Go Mortgage has accused its former director of capital markets of changing passwords to key company accounts and bad-mouthing the company to major counterparties, including the GSEs.

According to some critics, the Federal Reserve’s mark-to-market losses on its securities holdings is approaching $1.0 trillion. One option would be to sell off agency MBS, even at a loss.

Although FedNow might seem an ideal fit for mortgage settlements, it remains to be seen if the industry will embrace this technology.

The 25 largest GSE servicers handled 73.7% of the servicing volume as of the end of June, up from a 72.9% share at the end of March.

Plaintiffs in Berkley Insurance v. FHFA want to include comments and congressional testimony from former FHFA Directors Mel Watt and Mark Calabria.

The feature was first rolled out in May...

Chase Home Finance solidified its position as the largest GSE servicer in the second quarter while the servicing portfolio at second-ranked Wells Fargo continued to shrink.