Speculators have been gobbling up GSE junior preferred and common, hoping for a payout down the road tied to either the resumption of dividends or money that might come from a recovery fund.

The jumbo market is heating up with offerings from both EverBank and MountainView.

Mark Savitt, president of the National Association of Independent Housing Professionals, told Inside Mortgage Finance that including “lender paid” compensation to brokers in the 3 percent cap is “double counting.

John Robbins is out at Bexil American Mortgage. Meanwhile, EverBank readies its second jumbo MBS deal of the year.

Citigroup will pay Fannie Mae and Freddie Mac damages for the faulty MBS it sold to them but no one knows the cost of the settlement.

Not only is HUD looking into PHH's underwriting practices, but the government has questions about the lender's foreclosure expenses.

The auction market for nonperforming mortgages is beginning to generate heat with prices rising nicely from last year.

New bulk MSR packages continue to hit the market. Many of the new deals have low coupons and hardly any delinquencies.

A new bill to replace Fannie and Freddie with a single government guarantor is already being dismissed.

The Senate Banking Committee has yet to schedule a confirmation hearing for Mel Watt to head FHFA. Does this lack of action mean anything?