One of those powers, according to the filing, is: “The adoption of an agreement of merger or consolidation or the adoption of a certificate of ownership or merger.”

Given Calabria’s past statements about the GSEs, some Democrats believe he isn’t the best person for the job…

The White House: “Housing finance reform is a priority for the administration … At this time, no decisions have been made on any reform plan. As part of the process, however, the administration will work with Congress…”

So much for administrative reform of Fannie and Freddie...

And although trendlines varied significantly among the top-ranked processors, the overall migration of GSE servicing to nonbanks continued last year.

Currently, Fannie and Freddie are allowed to maintain a maximum capital cushion of $3 billion each. Anything above that amount is swept into the U.S. Treasury. …

New Rez’s MSR haul: $50.9 billion of agency product...

The three most active sellers of bulk MSRs: Stearns Lending, United Wholesale Mortgage and loanDepot, according to exclusive figures from Inside Mortgage Trends…

The consulting firm, echoing what many in the industry believe, said if housing finance reform were easy “it would have happened long ago.”