Ten years after the start of the financial crisis, the conventional wisdom is that the housing boom was driven by subprime mortgages. Federal Reserve researchers recently offered a “new narrative” about the crisis: borrowers who received subprime mortgages didn’t inflate the housing bubble.

A new Federal Housing Finance Agency inspector general report highlights some potential risks in Freddie Mac’s Integrated Mortgage Insurance, or IMAGIN, program. Although it discusses some of the criticism leveled at the program, the IG report doesn’t take sides.

Wedbush estimates that originations will fall by 8.0 percent this year…

Through the first eight months of the year, Ginnie issuance was down 11.0 percent...

The CMBS transactions with the highest potential exposure are collateralized by shopping malls and office properties in Northern Virginia...

Flagstar Bank and Shellpoint Mortgage Servicing had significant increases in their jumbo servicing portfolios over the past year…

Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…

One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”

As one source put it: “Blackstone wants you to make it big or you’re gone.”

During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…