Among those buying into MI stocks is Paulson & Co., the legendary hedge fund that made $15 billion by shorting publicly traded subprime firms via the ABX Index in the run-up to the housing bust.

In an interview with IMFnews, Millon said CMC now owns roughly $5 billion in MSRs, compared to just $1.5 billion a year earlier. “We’re buying rights from the members of our cooperative,” Million said.

A spokesman for Ocwen said the company did not like the way the IMFnews story was being “interpreted.” After the story was published early Friday afternoon, Ocwen’s share price began to rise and continued to increase Monday.

Mortgage-industry veteran John Robbins has launched a new mortgage cooperative that plans to bundle mortgages for sale into the secondary market and eventually form a conduit through which it hopes to securitize non-QM loans. “We’re going after best execution,” Robbins told Inside MBS & ABS. Of course, the venture – aptly titled The Mortgage Collaborative – is...

Although some regulators have anxiety problems with nonbank servicers, Fannie Mae apparently does not. Meanwhile, a large mortgage vendor M&A deal could be revealed late Friday.

Large mortgage vendors are expected to buy smaller firms this year "and fit them to their mold," said one industry observer.

So, will banks stop selling MSRs because of the CFPB? Don’t bet on it. The sales process will just take longer.

Two nonbanks among the top five servicers now control almost 9 percent of the residential receivables market. Should regulators be worried? Should the MBA?

The survey, conducted through the IMF website, also found that 35 percent of participants plan to sell “some” of their MSRs, but only as needed.

IMA is out with a new $1.294 billion package of bulk Ginnie Mae MSRs, plus a monthly “flow” deal that could net a buyer an additional $900 million in Fannie Mae/Freddie Mac and Ginnie rights.