The Two Harbor deal ends a span of 31 days without a presale report for a new non-agency security.

Overall, Ginnie securitization of FHA and VA purchase loans increased by 37.7 percent and 37.9 percent, respectively, during the third quarter, according to Inside Mortgage Finance’s database.

Industry consultant Joe Garrett is advising his clients to keep a “concession log…”

Nine firms issued jumbo MBS in 2015 and JPMorgan Chase was the top issuer for the second year in a row.

Prior to Quicken filing its suit in April 2015, HUD had tried to work out a multi-million dollar legal settlement with the lender, whereby Quicken would admit to wrongdoing.

“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.

Back in April, the privately held Quicken sued the two cabinet level agencies and their leaders, claiming the residential lender was a target of a “political agenda" under which the DOJ…

The agency is warning lenders that the annual recertification can be a lengthy, time-consuming process.

“A terrible outcome,” one mortgage consultant told IMFnews…

As IMFnews went to press, Stonegate Mortgage was suffering the most among real estate finance-related stocks, down 7.16 percent on the day.