The Montana decision was the latest in a series of court victories won by MERS. In late September, MERS won similar decisions in Georgia, New York, and Texas. In Kentucky earlier in September, the U.S. Sixth Circuit Court of Appeals denied an en banc rehearing of a case that held that recording statutes in the state do not required a recording in the land records when promissory notes are transferred.

Freddie Mac has obtained an insurance policy for more than half a billion dollars under its Agency Credit Insurance Structure (ACIS) program, bringing the total of insurance coverage the Enterprise has acquired this year to $1.5 billion through seven ACIS transactions, according to announcement from Freddie Mac.

The market share of non-depository, independent mortgage companies tumbled after the Great Recession with the collapse of the mortgage and secondary markets—especially those companies that were focused on subprime lending. In 2014, the market share of independent mortgage companies rose to 47 percent for home purchase loans and 42 percent for refinance loans, the highest those shares have been at any point in the last 20 years, meaning nonbank mortgage companies have more than regained their market share they lost due to the Great Recession

Wells Fargo told DS News that the reason behind the massive amount of job cuts was "the result of continuing market changes, including improvements in delinquency and foreclosure rates and reduced demand for mortgage financing."

Domestic-based end-to-end mortgage services provider LenderLive, based in Denver, Colorado, announced that Jeffrey Lewis has joined the company as a regional account executive for the firm’s Correspondent Lending line, covering New Jersey and Eastern Pennsylvania.

The conservatorships were required by law to put Fannie Mae and Freddie Mac in a “sound and solvent condition” but this focus at times conflicted with other public policy objectives, such as the aggressive enforcement of the GSEs of “representations and warranties” whereby the firms “put back” large volumes of defaulted mortgages to their originators, according to the authors.

The reporting period for the latest Beige Book found residential housing markets have generally improved since the last report with increasing home prices and sales volumes driving the improved housing markets.

"We take waste out of the system and we minimize the time from the time we get a purchase order to the time we invoice the client," he said. "So we're moving that waste and making processes more efficient both inside and outside with our own performers or contractors."

"Before Wall Street even entered the space, we had to build a good rental algorithm to provide a rental number for some of those other softwares," Charnoff said. "So when the market shifted and Wall Street started coming in, we were the only ones who had already collected data and figured out how to get to an accurate assessment of what the rent potential was for a single-family home."

Those factors include higher mortgage rates, tightening credit standards, rising home prices, an increased number of rental options, ever-increasing student loan debt, and the number of household formations to building permits combined with declines in income growth, distressed sales, personal savings rate, and the overall desire to earn a home, said Chris Crippen, managing director for US Residential Asset Fund.