Delinquencies on non-qualified mortgages have been minimal and many borrowers with the loans seek to refinance relatively quickly, according to an analysis by Wells Fargo Securities. Among non-QMs with at least two years of seasoning that were included in nonprime mortgage-backed securities, more than 97 percent haven’t missed a payment, according to Wells. “Borrower credit performance has been robust so far, with delinquency rates and losses still subdued,” the analysts said. As of the end of July, only one non-QM in a nonprime MBS has gone...

The volume of jumbo mortgages handled by the top servicers continued to increase in the second quarter of 2017, according to a new ranking and analysis by Inside Nonconforming Markets. A group of 30 companies serviced an estimated $957.50 billion of jumbos at the end of June, up 2.3 percent from the previous quarter and up 8.7 percent from the second quarter of 2016. The servicers outpaced...[Includes one data table]

CFPB's Cordray clerked for both Robert Bork and Anthony Kennedy...

Before the financial crisis, about 10 percent of home sales were all-cash transactions…

Wells Fargo’s CMO business was down 36.7 percent from the first half of 2016…

Reinsurers coming late to the feast might find slimmer pickings as pricing continues to tighten in the sector…

Brian Benjamin, who runs Two River Mortgage & Investment in Red Bank, NJ, noted that if brokerage shops are laying off, “it’s support staff.”

The Fed just greenlighted a bank M&A deal...

Even if the feds ease up on regulation, the states will continue to be vigorous…

In a blog posting midweek, attorney Barbara Mishkin of Ballard Spahr says it appears Cordray will not resign before Labor Day…