Glen Messina is no longer CEO of PHH, but he will be hanging around nonetheless…

Nearly every cross-section of the mortgage production business saw sharp declines in lending volume during the first three months of 2017, leaving the distribution of new originations virtually the same as last year. Banks, thrifts and credit unions accounted for 50.5 percent of first-lien mortgage production by the top 100 lenders in the first quarter. Their combined volume was down 32.2 percent from the fourth quarter, while the 54 nonbanks in the top 100 had an aggregate decline of 32.6 percent. There was...[Includes two data tables]

Maybe GSE 'recap and release' is DOA?

Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform…

“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.

Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.

The firms originating the collateral backing the MBS were not identified.

Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…

-The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…

Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.