New foreclosure figures compiled by RealtyTrac suggest Texas and Oklahoma could be in for some minor bumps along the road.

The NPLs that Freddie Mac wants to sell currently are being serviced by Nationstar Mortgage.

But all is not rosy. At JPM, mortgage servicing balances continue to decline and the bank’s executives expect production margins will compress as origination volumes diminish…

As the Home Affordable Refinance Program ushers in its last year, the Federal Housing Finance Agency has charged Fannie and Freddie with developing an alternative to the popular refinance program created in 2009 to help underwater borrowers. Originally set to end in December 2013, the HARP program has been extended twice and will be put to rest on Dec. 31, 2016. At that time, the FHFA said the GSEs should have a high loan-to-value ratio refinance program in place and ready to kick off in January 2017. The FHFA’s 2016 scorecard for the GSEs directed Fannie and Freddie to “finalize post-crisis loss mitigation options for borrowers, including loan modifications, and develop an implementation plan and timeline.”

Four of the top five ABS issuers in 2015 were closely linked to the auto industry, including the most productive issuer in the market, Ford Motor Credit.

An ugly reality for land owners, mortgage lenders and others: the National Flood Insurance Program is currently $23 billion in debt and in dire need of reform.

The count for the Garden State is almost double the national average of 629 days...

The Ginnie Mae market was the most active of the three, with an estimated $112.6 billion in MSR sales through the first 11 months of 2015.

New issuance of non-mortgage ABS fell 6.6 percent last year even though the market’s biggest segment pushed to a new post-crash high, according to a new Inside MBS & ABS analysis. A total of $173.05 billion of non-mortgage ABS were issued in 2015, the second-highest annual output since 2008. The direction, however, was less encouraging. New issuance tumbled 17.1 percent from the third to the fourth quarter, sinking to $30.69 billion – the lowest three-month total in over three years. But with record sales in the U.S. auto industry, securitization of vehicle-finance contracts increased...[Includes two data tables]

The average daily trading volume for agency MBS fell to a yearly low of $149.2 billion in December, as trading desks from coast to coast continued to assess how to make money in what’s become a business of tight profit margins. Late this week, Barclays Bank unveiled a massive restructuring of its MBS and whole-loan trading business, cutting the number of employees in the division – including traders – down to 50 from roughly 100. As a structural matter, the bank is moving...