Fannie Mae Names Small Pool Winning Bidder. The Community Loan Fund of New Jersey, Inc., an affiliate of New Jersey Community Capital, a non-profit community development financial institution, is the winning bidder of Fannie Mae’s fifth Community Impact Pool of non-performing loans. The transaction is expected to close on Nov. 22, 2016, and includes 120 loans secured by properties located in the Miami area with an unpaid principal balance of approximately $20.3 million. In collaboration with Wells Fargo Securities, LLC and The Williams Capital Group, L.P., Fannie Mae began marketing this Community Impact Pool to potential bidders on Aug. 10, 2016.

The directives make clear that the minimum g-fee applies only to swap transactions…

It appears some VA lenders are refinancing veteran borrowers into IRRRLs before the end of the six-month seasoning period.

The Federal Reserve's HMDA tally for 2015 came in at $1.651 trillion…

The deal is part of New Residential’s efforts to generate income from excess MSRs…

As recently as three years ago, few companies were willing to finance originations of nonprime mortgages, either via warehouse funding or acquiring the paper as whole loans. Daniel Perl, CEO of Citadel Servicing, said there are currently a number of Wall Street companies and other firms that will provide a certain amount of liquidity for one to three years, while demand for whole loans and MBS is also increasing. “There’s a lot to be said for this market today that you couldn’t say three years ago,” he said earlier this month during a webinar hosted by Inside Mortgage Finance. Tom Hutchens, a senior vice president of sales and marketing at Angel Oak Mortgage Solutions, said...

In settling the case with the government, BB&T admitted no wrongdoing…

Some good news: at least Wells Fargo's share price is not in Ocwen territory...

A strong tide of refinance activity lifted mortgage origination volume in 2015, according to a new Inside Mortgage Trends analysis of Home Mortgage Disclosure Act data released late this week by federal regulators. Aggregate national data released by the Federal Financial Institutions Examination Council show a total of $1.651 trillion in first-lien mortgage originations for home purchase and refinance. That was up 32.9 percent from 2014 but failed to ... [Includes one data chart]

Mortgages originated through the retail channel tended to have higher credit scores and were more likely to be refinance loans than those produced by third-party originators, according to a new Inside Mortgage Trends analysis of agency mortgage-backed securities disclosures. Fannie Mae, Freddie Mac and Ginnie Mae securitized a total of $320.9 billion retail-originated loans during the first six months of 2016, excluding modified loans and those for ... [Includes two data charts]