Sources close to the matter noted that Ocwen is involved, but it’s not a trade group.

Five Oaks plans to buy some of the subordinate tranches of the new jumbo MBS.

Pulte Mortgage will install a “modest price” adjustment on its non-QM loans.

The Ginnie II program now accounts for up about 98 percent of new agency issuance.

Fannie, Freddie and Ginnie All saw most of their business come from borrowers earning less than $150,000 per year.

At least a dozen or so national lenders – almost all of them nonbanks – have rolled out lending programs for loans that don’t meet the qualified mortgage standard, and none of them expect to issue a mortgage-backed security this year. Moreover, most aren’t so certain they will be able to issue a security next year either, but that doesn’t mean they aren’t thinking about it. New Penn Financial has created...

The Treasury Department will have a key role in developing a $1 billion "test" non-agency security.

FHA total originations rose 9.9 percent month-over-month in July as purchase mortgage activity continued to rise, according to Inside FHA Lending’s analysis of agency data. Lenders produced a combined $13.01 billion in new FHA-insured mortgages, up from $11.85 billion in June. Purchase mortgages accounted for 81.9 percent of total FHA production during July, the latest month for which FHA originations data were available. The July increase reflects an upward monthly trend in FHA lending that began in March, when FHA originations totaled $8.74 billion. Production then climbed steadily to $10.36 billion in April, $10.61 billion in May and $11.85 billion in June. Originations jumped 16.0 percent from the first to the second quarter. A recent analysis by affiliated publication Inside Mortgage Finance found that most of Ginnie Mae’s purchase activities (FHA, VA and rural housing loans) in the ...

Obama administration officials and federal regulators met recently with mortgage industry representatives to discuss lender overlays and other obstacles preventing borrowers with slightly tainted credit and first-time homebuyers from obtaining a mortgage. Neither administration officials nor industry participants, however, spoke on or off the record about the things that were discussed during the Sept. 17 meeting at the White House. It was also unclear whether both sides have agreed on any solutions to the issues that lenders say are preventing them from lending. Sources, however, said one major issue is lenders’ uncertainty about their legal responsibilities and liabilities, which already have cost the industry billions of dollars in massive legacy settlements. Lenders have complained that even the slightest loan paperwork error could force them out of the ...

Originations of higher-priced mortgages increased significantly in 2013 compared with the previous year, according to an Inside Nonconforming Markets analysis of Home Mortgage Disclosure Act data released this week. The market share for higher-priced mortgages also more than doubled in 2013 compared with the previous year, but the loans continue to account for a small portion of total originations. Some $35.18 billion in higher-priced mortgages were sold in 2013, up from ... [Includes one data chart]