PHH Corp., for years, has been trying to unload its entire mortgage franchise, a process complicated by both regulatory sanctions and large accounting losses tied to declining interest rates.

Nondepositories now dominate FHA production after several large banks exited the government program due to growing concern over potential liability arising from federal lawsuits…

What? Democrats won't help in changing the Dodd-Frank Act?

The business that Flagstar will acquire has 250 correspondent relationships that account for roughly $7 billion in production tied to agency and GSE loans.

Fannie Mae saw the biggest drop in refi volume, a 30.2 percent decline from December…

SFIG noted that a complete repeal of risk-retention requirements “is likely neither appropriate nor probable.”

PFSI is forecasting that by the second half of 2017 it will be originating $40 million to $60 million per quarter in multifamily loans.

Production of single-family MBS at Fannie Mae, Freddie Mac and Ginnie Mae declined substantially in January, according to a new Inside MBS & ABS analysis and ranking. Mortgage lenders delivered a total of $134.21 billion of single-family loans into agency MBS issued during the first month of 2017, down 15.6 percent from December’s gross new issuance. The residential mortgage industry recorded...[Includes two data tables]

With Republicans looking to repeal the Dodd-Frank Act and pass new standards that will impact MBS and ABS, the Structured Finance Industry Group recently reviewed areas for reform along with how industry participants can push for changes. The review was completed by SFIG staff and Lewis Cohen, a partner at the law firm of Hogan Lovells. “It would be a mistake to assume that a simple repeal of Dodd-Frank would be sufficient to address many of the regulatory frictions that have impeded the use of securitization to provide funding and create growth in the real economy,” SFIG said. While MBS and ABS participants have long pushed for a loosening of the mandatory risk-retention requirements set by the DFA, SFIG said...

Fannie Mae’s recent decision to provide a $1 billion financing commitment to single-family rental operator Invitation Homes has raised a few eyebrows, but for the most part it appears to be a fairly benign transaction that should benefit both parties. The arrangement was sanctioned by the Federal Housing Finance Agency, which views the relationship as just another way for Fannie to finance rental housing. The rental units are 50,000 single-family residences scattered around the country – not apartment buildings. “Given the growth in the single-family rental market, FHFA considered...