A nonbank wholesaler, Carrington is allowing credit scores as low as 580 for FHA and USDA mortgages, along with some VA loans.

The FHA allows low downpayments on loans that have credit scores as low as 580, but numerous lenders have established their own underwriting overlays to protect against poor performance.

Some 18 lenders contributed to the security, all of which were disclosed – somewhat uncommon for jumbo MBS.

Among other issues, the GAO found that for three of the servicers, their denial rates were significantly higher for Hispanics than for the comparison population of non-Hispanic whites.

PennyMac had 229 correspondent partners at the end of 2013 and Kurland said the nonbank is looking to work with small sellers.

Is Caliber's parent toying with an IPO for the lender? After all, hedge funds like to “build and flip,” not build and hold forever…

“This situation consisted of sexually charged behavior and comments from the supervisory staff and participating mortgage bankers, which resulted in a sexist and uncivil atmosphere,” the EEOC said of the JPM workplace.

JPMorgan Chase is the dominant holder of non-agency MBS among depositories, accounting for almost 36 percent of the bank investment market.

The rating service singles out Ocwen Financial, Nationstar Mortgage, Walter Investment Management, Quicken Loans, Provident Funding and PennyMac Loan Services, all of which have significantly increased their MSR portfolios.

A veteran player in the jumbo ARM market said one investment bank in particular has “had lots of layoffs.”