As most residential stakeholders know, nonbank risk is an issue that has caught the eye of the Federal Housing Finance Agency and the Department of Housing and Urban Development because nonbanks are major counterparties to Fannie Mae, Freddie Mac as well as Ginnie Mae.

Flagstar also revealed $4.9 billion of "flow” servicing sales during 4Q19...

Lakeview booked $7.85 billion in bulk Ginnie MSR transfers during the fourth quarter. The biggest chunk, $3.40 billion, came from United Shore Financial Services, the parent of United Wholesale Mortgage, the nation’s fifth largest home lender.

Then again, not all banks are pulling back from agency servicing…

For the full year of 2019, total mortgage complaints from end users were down 9.1%...

The portfolio is top heavy in Texas product at 50.1%.

The updated defect taxonomy includes changes originally implemented through the Loan Review System in 2017.

Citi's retail mortgage originations increased by nearly 80% in 2019 while First Republic's production was up by more than 50%.

According to figures compiled by Inside Mortgage Finance, all home lenders produced $700.0 billion of product in the third quarter. If the rest of the industry’s results emulate the numbers reported by Wells and JPM, it’s entirely possible that 4Q may have been better than many analysts predicted.

Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…