A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring.

If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.

Investors have stepped up to the plate, buying new large bulk MSRs put out for auction by Interactive Mortgage Advisors.

Investment funds are continuing to salivate over mortgage servicing rights.

The issue of Fannie Mae encouraging lenders to sell for cash instead of securitizing has been a hot topic over the past few months.

Fannie Mae is set to "give back" $50.6 billion to the U.S. Treasury by June 30, thanks to stellar earnings and accounting treatment of deferred tax assets.

Ocwen has registered preferred shares with the NYSE. The sale will benefit WL Ross & Co.

Will Fannie Mae and Freddie Mac be "even" with the U.S. Treasury by yearend? Also: PennyMac Financial Services goes public.

A company affiliated with MBS co-inventor Lewis Ranieri is moving closer to issuing a security backed by "prime-quality" non-agency loans.

Freddie Mac has been profitable for six quarters but needs to show positive earnings for six more before it can recapture its deferred tax asset.