Citigroup, which runs an active NPL trading desk, acquired the assets from a large money-center bank.

New report sheds light on how much nonbank mortgage workers earn.

Well, at least the White House is happy. Fannie and Freddie turned over $66.4 billion to the government at the end of June, money that will help reduce the deficit.

Stonegate Mortgage, a fast growing lender, wants to go public. Meanwhile, thanks to the Fed, MSR sales could be massive.

Gordon Albrecht, executive vice president for FCI Lender Services, said, “The less the banks lend, for whatever reason, the more goes to private-money firms.”

When rates shot up quickly, were some MBS investors caught behind the eight-ball?

According to exclusive figures compiled by Inside Mortgage Trends, Citigroup had $748 million of disputed buybacks with the GSEs at March 31.

On Tuesday the Fed will hold an open meeting to discuss final rule-making tied to the Basel III accords, which affects the value of mortgage servicing rights.

Mortgage bankers continue to talk about declining refi applications but purchase money firms remain mostly optimistic about their prospects.

Stan Middleman, founder and CEO of Freedom Mortgage, will buy $20 million worth of stock in the new REIT, which (of course) has ties to Freedom.