Losses on non-agency MBS backed by re-performing loans issued in recent years have been minimal, according to DBRS. Performance has been helped by home price appreciation, and the one deal to suffer significant losses was an outlier in terms of the types of loans it included.

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

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

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

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

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 ...

As earnings season got underway for publicly owned lenders, First Republic Bank, Flagstar Bank and Redwood Trust reported increased jumbo loan production in 2017. First Republic produced $11.57 billion of single-family mortgages in 2017, up 8.9 percent from the previous year. Jumbos account for a large majority of its lending. Flagstar originated $8.80 billion of jumbo loans last year, a 37.5 percent increase from 2016. And Redwood, which sources loans from correspondents, purchased ...

New Penn Financial recently introduced a new non-agency program that allows for non-qualified mortgages and alternative documentation, among other features. The SmartEdge product includes loan amounts up to $3.0 million, credit scores as low as 620, debt-to-income ratios up to 50.0 percent and loan-to-value ratios as high as 90.0 percent. New Penn is in the process of being sold to New Residential Mortgage, a real estate investment trust. SmartSelf allows ... [Includes two briefs]

An estimated $475.0 billion of new first-lien mortgages were originated in the final three months of the year, down 4.0 percent from the previous quarter, according to a new Inside Mortgage Finance analysis and ranking.