Joshua Rosner, managing director of Graham Fisher & Co., said his discussions with Trump officials and members of Congress suggest that the administration’s reform principles won’t be released until early next year…

During 3Q, New Residential agreed to buy $3 billion of “flow” servicing rights from an unnamed seller.

CRT deals may be popular with legislators since they “de-risk” Fannie and Freddie, but over the long haul the transactions reduce profits for the GSEs, or so critics have charged…

The CFPB plans to develop and maintain technology solutions for coordinating supervisory information...

A flurry of prime non-agency mortgage-backed securities priced in October with issuance from JPMorgan Chase, Flagstar Bank and American International Group totalling $2.13 billion. Chase brought a $911.1 million deal backed by a higher than usual share of mortgages eligible for sale to the government-sponsored enterprises. Some 46.7 percent of the dollar volume of loans backing JPMorgan Mortgage Trust 2017-4 was loans eligible for sale to Fannie Mae or Freddie Mac ...

But what about Watt? His term as director of the Federal Housing Finance Agency ends in early 2019...

Two regional banks posted varied results in terms of jumbo originations in the third quarter of 2017. Flagstar Bank boosted its production while First Republic Bank’s originations fell on a quarterly basis and were up compared with the third quarter of 2016. Flagstar had $2.90 billion in jumbo originations in the third quarter, a 31.8 percent increase from the previous quarter and up 61.1 percent from the third quarter of 2016. Officials at Flagstar noted that the bank’s jumbo originations were ...

Citadel Servicing Corp. continues to ready its first nonprime mortgage-backed security and received risk assessments from Morningstar Credit Ratings last week. The rating service evaluated Citadel as a lender and servicer, assigning it level-three rankings on a scale of one to four, with four being the worst. The assessment, along with a similar assessment by Fitch Ratings earlier this year, show that Citadel is taking steps toward issuing rated nonprime MBS. Sources close to ...

Banks tend to approve a much higher share of applications for jumbo mortgages than nonbanks, according to a new ranking and analysis by Inside Nonconforming Markets based on new Home Mortgage Disclosure Act data. In 2016, the denial rate for applications for jumbo mortgages was 18.6 percent. The rate tracks total loan applications for jumbo mortgages last year (495,213) and denied applications. The calculation excludes withdrawn applications and ... [Includes one data chart]

Providers of third-party due diligence services for non-agency mortgages are considering standardizing portions of the review and reporting process, according to Fitch Ratings. The rating service hosted a roundtable with a number of due diligence firms this month and provided some details on the meeting last week. “Participants agreed that increased focus on consensus where appropriate benefits the market as it mitigates pressures that third-party review firms may be ...