FHFA notes that the legislation “requires a great deal of regulatory coordination but primarily places this responsibility on FMIC.”

Over the past six months, CashCall has laid off several hundred workers, but continues to advertise in local media markets in Southern California.

At one shop based in the Midwest there’s unconfirmed talk of loan officers who haven’t been paid for months, unpaid leases and top executives who were on vacation as volumes collapsed.

He cited one example where a $40 billion MSR package can be sold to one buyer that agrees to board the servicing files in increments of say $5 billion a month.

So, what does this mean for the industry? Answer: That the Mortgage Mutual Insurance Fund likely will return to health even faster and that maybe there’s room for FHA to cut premiums.

In January, newly sworn-in FHFA Director Mel Watt officially delayed a GSE guaranty fee increase that had been scheduled by his predecessor Edward DeMarco.

Company Chief Executive Michael Lau noted that Pingora is taking in roughly $2.5 billion a month through “flow” arrangements.

The score card was the brainchild of former Acting FHFA director Edward DeMarco, who is retiring from the agency at the end of April.

As for details, a spokesman for the company said Ellie isn’t talking about the topic at this time. In an email exchange with IMFnews, mortgage technology consultant Tony Garritano of Progress in Lending called the whole episode “very bizarre”…

However, a new research report from Sterne Agee notes: “We see the DFS as the primary log jam on the servicing transfer front.”