FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.

If Rep. Mel Watt gets the FHFA job will he tinker with GSE net worth minimums?

The White House continues to search for someone to head the FHFA. But will it ever officially introduce a candidate? Mel Watt's name has come up again.

PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.

Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.

Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital.

Cole Taylor Mortgage, which has grown its servicing portfolio ten-fold in the past year, is now an active Ginnie Mae issuer.

The "flow" market for mortgage servicing continues to improve. IMA is in the market with a new package and others are on the way.

Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.

FHA lenders are resting easier today thanks to a promise from HUD secretary Shaun Donovan not to hike FHA premiums again.