A publicly traded real estate investment trust is the buyer of Fannie Mae MSRs offered by CashCall, investment banking sources said.

At the closing of the sale of Crossline, $500,000 will be held back to cover the CEO's indemnification obligations.

Jumbo mortgages have a higher risk of fraud than conforming mortgages, according to a new report from Interthinx.

Analysts commenting on the settlement note that while JPM did not admit any violations of law, it acknowledged in a “statement of facts” section that employees did not comply with company underwriting guidelines and representations.

Speaking at a housing finance forum sponsored by the Urban Institute and CoreLogic, Gene Sperling, a White House economic advisor, said the Obama Administration believes the “risks are simply too great and that this would recreate the problems of the past.”

Due-diligence firms, which had hoped to prosper with the return of non-agency jumbo lending, have shown little growth in the non-agency space during the second half of the year.

The exact g-fees charged to primary originators by Fannie Mae and Freddie Mac are one of the best kept secrets in the industry.

RFC is privately held. One of its top executives is Barry Habib, a well-known mortgage trainer who has worked at GMAC Mortgage and other shops during his career.

The man heading the MSR sales effort for Wells Fargo is Brian Kunar, who carries the title of senior vice president of servicing sales.

One lender that operates in the Irvine area noted that his firm has received several resumes from former Rushmore workers.