Paul Muolo

If anyone thought the nation's megabanks were going to take the "regulators' medicine" with their mouths widen open, they thought wrong.

Former Fannie Mae CEO Daniel Mudd, who oversaw the GSE's huge expansion into nonprime investing and securitization, late last week received a "Wells Notice" from the Securities and Exchange Commission, indicating that he may face civil charges for allegedly misleading investors about the company's financial condition.

THIS JUST IN: With fears mounting that the government may soon radically alter servicing compensation, at least one Wall Street firm is making the rounds offering a “sale leaseback” deal to some of the nation's largest holders of MSRs.

Larry Goldstone, once a top player in the jumbo and "super" jumbo market through his now defunct firm Thornburg Mortgage, is trying for a comeback in the business.

It used to be that if Fannie Mae did something it was a sure bet that "little brother" Freddie Mac soon would follow. But that may not be the case on revamping how servicers are paid by the GSEs.

Lawsuits filed this week by two broker trade groups challenging the Federal Reserve's loan officer compensation rule are expected to be combined into one case by the presiding judge.

United Capital Markets, which helps firms hedge their servicing portfolios, says the Federal Housing Finance Agency could be all wet on several assumptions in its 'Joint Servicing Compensation Initiative,' a document that thrives to revamp GSE servicing fees.

When the National Association of Independent Housing Professionals sued the Federal Reserve on Monday, the trade group kept it "all business" by naming the agency only. But not the National Association of Mortgage Brokers.

Residential foreclosures dropped to a 36-month low in February as complications tied to the 'Robo-signing' scandal continued to slow the pace of processing times, according to new figures released by RealtyTrac.

Bank of America this week reiterated to investors that it has recognized up to 75% of expected claims tied to loan repurchase requests from Fannie Mae and Freddie Mac.

Although executives at Fannie Mae and Freddie Mac would love to see their dividend payments to the U.S. Treasury cut in half, it's unlikely that it will happen, according to a new report from Keefe, Bruyette & Woods.

Are Fannie Mae and Freddie Mac on different pages when it comes to restructuring their servicing fees? That's hard to say because executives at both GSEs aren't exactly sharing their innermost feelings on the topic with me (though if they want to please email me at: Paul.Muolo@SourceMedia.com).

The National Association of Mortgage Brokers is expected to file suit against the Federal Reserve Board Wednesday morning, seeking to block the agency's controversial loan officer compensation rule.

Interactive Mortgage Advisors, Denver, is offering a $128.8 million package of bulk servicing rights tied to Freddie Mac loans that at the present time have no delinquencies whatsoever.

Redwood Trust officials have been hearing plenty of talk about other firms entering the jumbo MBS space—but aren’t holding their breath about seeing new bonds issued anytime soon.

Every few years we see some analyst/advisor issue a report that says M&A deals are usually a waste of time and are rarely worth the money spent on them. Boy oh boy, does that ever apply to Bank of America and its purchases of both Countrywide Financial Corp. (the house that Angelo built), and Merrill Lynch.

Roughly 23.1% of all residential homes encumbered with mortgages (11.1 million units) were in a negative equity position at yearend, according to new figures released by CoreLogic, Santa Ana, Calif.

Come April 1, loan brokers will have to adhere to new compensation rules dictated by the Federal Reserve, but now they have a new concern that may eclipse even that issue: wholesalers are writing new contracts on what these third-party salesman can earn. And for some, it isn't pretty.

The National Association of Independent Housing Professionals on Monday sued the Federal Reserve Board in U.S. District Court, seeking to block the agency's controversial loan officer compensation rule, which becomes operative April 1.

NetMore America Inc., Walla Walla, Wash., a $700 million a year originator, has merged its operations into InterBank Mortgage Co., Northbrook, Ill., according to industry sources.