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Stearns Holdings announced on Thursday that it elected to cancel a cash tender offer for up to $41.63 million of senior secured notes in the company. Stearns filed for Chapter 11 bankruptcy earlier this week...

Loan defects on mortgages reviewed by ACES Risk Management, a risk-management software provider, increased in 2018 on an annual basis. Some 1.81% of loans reviewed in 2018 had critical defects, meaning they didn’t meet agency eligibility criteria, up from a 1.68% share in 2017...

Lower interest rates in the second quarter helped address overcapacity among lenders by boosting refinance volume, according to analysts at Keefe, Bruyette & Woods. The analysts said they expect that lenders' gain on sale margins increased modestly in the second quarter...

After issuing a number of non-agency mortgage-backed securities on its own, Flagstar Bank is set to contribute jumbo mortgages to a non-agency mortgage-backed security issued by Goldman Sachs Mortgage Company.

Retail Reigns, But Lenders Also Rely on Correspondents & Brokers

Retail originations were the biggest source of single-family loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae in the first quarter of 2019, making up just less than half (46.6%) of the total. Correspondent business was responsible for 40.8% of all securitizations, while brokers generated the remaining 12.6%. Inside Mortgage Finance’s Agency Channel Analysis data report delves into the channel usage of almost 1,600 lenders, breaking down by channel the originations they delivered to the three agencies. See what channel combinations are being used to fill the pipeline and use the data to plot out your own best channel choices.