Mortgage buybacks can vary significantly among seller/servicers because its driven by business and legal processes rather than current market dynamics.
Certain provisions of the loan originator compensation rule such as those having to do with record retention, anti-steering and compliance and procedures kick in January of 2014.
Despite growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through the GSEs and Ginnie Mae.
An estimated 86.4 percent of new mortgage originations were packaged into MBS during the first half of 2013, according to a new Inside MBS & ABS analysis. Despite some growth in the non-agency jumbo market, primary market lenders remain focused on production that they can safely securitize through Fannie Mae, Freddie Mac and Ginnie Mae. Securitization rates generally climb...
Commercial banks and savings institutions held a total of $1.528 trillion in residential MBS in portfolio as of the end of the second quarter, down 2.1 percent from the end of March, according to a new analysis and ranking by Inside MBS & ABS. Combined bank/thrift investment in MBS has been under steady pressure since the Federal Reserve resumed buying massive amounts of new agency MBS. The second-quarter decline brought the industrys total MBS portfolio to its lowest point in two years. The one area where banks and thrifts have beefed up...[Includes two data charts]