It appears the GSE "common" securitization platform will happen this year.

Citadel Servicing of California has raised $200 million from private investors to originate new residential subprime loans, Inside Mortgage Finance has learned.

Citadel Servicing has raised $200 million in capital to originate residential subprime mortgages. Does this mean subprime lending is "back"? Answer: yes and no.

During the height of the housing boom, “80-10-10” loan structures became very popular and caused headaches for mortgage insurance firms that lost business to these arrangements, which dodged the need for traditional MI coverage. As the mortgage and housing markets continued on a downward spiral, a new variant emerged that allowed borrowers to take out a conforming first mortgage for 80 percent of the house value and finance the rest with a 20 percent home equity loan. Both versions went the way of the dinosaur ...

It shouldn’t be a surprise if mortgage lenders are suffering from loan originator compensation regulation fatigue. “The industry has been in a constant state of implementation regarding LO comp and LO qualification since 2009,” said Amy Thoreson Long, senior counsel in the consumer lending division of Wells Fargo’s law department, during a webinar hosted yesterday by Inside Mortgage Finance, an affiliated newsletter. The bad news is, things will get much worse in that regard before they get better, thanks to ...

Credit Suisse came to market with its first jumbo MBS deal of the year with Quicken Loans dominating the collateral.

Wells Fargo last year wound up keeping almost $20 billion of new residential production its books instead of selling the loans to Fannie Mare and Freddie Mac.

FHA staff could be furloughed if the federal sequester happens Thursday night.

Conventional conforming mortgage originations – mostly financed by Fannie Mae and Freddie Mac – accounted for a record 66.8 percent of total single-family lending last year, according to a new market analysis and ranking by Inside Mortgage Finance. Mortgage lenders originated a whopping $1.273 trillion in conventional conforming mortgages in 2012, the highest level since the all-time record of $2.460 trillion was set back in 2003. Volume in the sector started strong and kept building throughout the year, including a 19.1 percent jump from the third to the fourth quarter. For the year, conventional conforming originations were...[Includes two data charts]

Wells Fargo has not given up on mortgage lending JVs after all and has hired someone to manage them.