The tone for banks likely was set by JPMorgan Chairman and Chief Executive Jamie Dimon, who in 2014 warned that without a safe harbor, his bank would be very cautious about FA lending going forward…

Caliber is owned by Lone Star Funds, which was hoping to take the nonbank public one day…

In the spring of 2014, Wornow left Morgan Stanley as managing director and head of its MBS trading desk.

A few days later, Ditech filed notice with the SEC that the company would pay Patti Cook a $300,000 bonus for her service to the company...

The jumbo MBS business may be struggling but not "GSE jumbos," according new figures from IM&A...

The bid price on the FNMA 3.50 bond has become so frothy that some investors are shorting the security...

Trends in demand for non-QM jumbos were more clear-cut, with 25.4 percent of 59 banks reporting that demand was weaker…

Meanwhile, EJF Capital, the private equity firm headed by Manny Friedman, has dumped a large chunk of its stake in PHH...

The Consumer Financial Protection Bureau’s disclosure rule has caused some disruptions in the non-agency market, but a number of lenders suggest that they’ve made adjustments to TRID and expect to return to business as usual. TRID disclosure requirements took effect for loan applications submitted on Oct. 3 and beyond. In the weeks after, many lenders reported longer closing timelines along with issues involving sales of non-agency mortgages due to ...

FHA forward mortgage endorsements fell significantly in the fourth quarter of 2015 with a decline in purchase mortgages and an even bigger drop in refinance loans due to rising interest rates, according to an Inside FHA/VA Lending analysis of agency data. Total FHA production fell 22.2 percent from the third quarter to $58.1 billion in the fourth quarter, spurred by steep declines in purchase originations (down 21.5 percent) and refis (30.0 percent). Fixed and adjustable-rate mortgages also saw their volumes drop by 22.1 percent and 30.2 percent, respectively, during the same period. The percentage of conventional loans that refinanced into FHA loans decreased slightly. FHA baseline lending (loans below $417,000) also declined by 22.0 percent quarter-to-quarter, as did FHA conforming jumbos (loan amounts up to the statutory high-cost loan limit), which saw volume drop 24.4 percent in the fourth quarter. FHA jumbos exceeding $625,500 did not escape the carnage as production fell ...