Real Estate Mortgage Network is on the verge of launching a new correspondent division what will use the trade name HomeBridge, a company official told Inside Mortgage Finance.

Redwood Trust is set to issue its second non-agency jumbo MBS of the year, a $666.13 million security, according to a presale report released today by Kroll Bond Rating Agency. The MBS will largely consist of 30-year fixed-rate mortgages, with 51.4 percent of the originations from First Republic Bank. Plus other mortgage news briefs.

Fannie Mae is ending the practice of assigning different guaranty-fee discounts to the various “affinity groups” or cooperatives that pool mortgages for sale into the secondary market, Inside Mortgage Finance has learned.

Bank of America, which is in the process of selling roughly $308 billion worth of mortgage servicing rights, recently trimmed its servicing staff by at least 700 workers...

Envoy Mortgage, a privately held nonbank, is the latest lender to jump into the correspondent lending arena. On Wednesday the firm issued a statement saying it has hired two industry veterans – Dan Hastings and Todd Cheney – to build and run the new division. Formed in 1997, Envoy has been a retail-only lender funding in 48 states… Plus other mortgage news briefs.

Add former GSE regulator James Lockhart to the growing chorus of industry officials who believe that using Fannie Mae and Freddie Mac to refinance underwater non-agency mortgages is a bad idea.

Remember the 4.4 million delinquent mortgagors who were done wrong by the nation’s mega-servicers and lost their homes to foreclosure? Remember how the Comptroller of the Currency launched a program in 2011 to let these mortgagors appeal? Well, apparently...

A $14 billion package of high-touch mortgage servicing rights owned by Bank of America has failed to trade, according to servicing advisors familiar with the transaction.

GSE MBS business hit a post-crisis record in 2012. A new Inside Mortgage Finance analysis of Fannie Mae and Freddie Mac securitization activity reveals that the two GSEs issued a whopping $1.27 trillion of single-family MBS in 2012.

Carrington Mortgage is contemplating the origination of non-agency mortgages to serve borrowers whose credit has been damaged during the Great Recession, company officials told Inside Mortgage Finance