Legislation that would define loans held in portfolio by smaller banks as qualified mortgages garnered unanimous support at a markup in the House Financial Services Committee last week. H.R. 2226, the Portfolio Lending and Mortgage Access Act, was approved on a 55-0 vote. The bill has been kicking around in Congress for years and was modified at the markup to help win support in the Senate. Rep. Andy Barr, R-KY, introduced the legislation. He said it will “expand access to ...

Market share for lenders whose loans were included in prime jumbo mortgage-backed securities was much more dispersed in 2017 than the previous year, according to a new ranking and analysis by Inside Nonconforming Markets. JPMorgan Chase – the top issuer of jumbo MBS – remained the lender with the most collateral for new deals. But the bank reduced its jumbo deliveries by a whopping 65.1 percent from 2016 to just $1.58 billion last year. That was still tops in the market, accounting for 14.5 percent of the loans pooled in $10.88 billion of ... [Includes two data charts]

Lennar said the mortgages funded by its affiliate were “originated and sold in prior years.”

The provisions would seem to eliminate income from mortgage banking from receiving the full benefits of the deduction.

The law firm helped a number of companies structure MSR financing transactions last year.

As for the FHFA position, several trade group chiefs fear that once Watt departs, the FHFA will be put in the hands of a Mick Mulvaney-type...

The year is still young, but two of the largest real estate investment trusts – Annaly Capital Management and New Residential Investment Corp. – have already priced stock deals totaling $852.5 million.

The aircraft ABS sector had a great 2017 and this year may be just as good, even though there could be some bumps along the way.

Remarkably, Freddie Mac knocked out roughly $34.60 billion in multifamily MBS – over half of its total for the year – during the fourth quarter...

Statistical sampling, which gained widespread acceptance in MBS repurchase cases after the housing crisis, is being rejected in many courts today, legal experts say.