Prestwick is out with a flow package that could yield $360 million to $480 million annually in Fannie Mae product.

The supply of home loan debt outstanding grew for a third straight quarter in late 2015, including an ongoing ride higher in un-securitized portfolio mortgages. The Federal Reserve reported that $9.986 trillion of home mortgages were outstanding at the end of last year, a 0.3 percent increase from the third quarter. The growth rate slowed a bit – the market grew by roughly twice that rate from March to September – but the fourth quarter put unpaid home mortgage debt up 1.0 percent from the end of 2014, the first annual increase since 2007. The single fastest-growing segment of the market continued...[Includes two data tables]

Firms that specialize in subservicing increased their contracts by 2.7 percent in the fourth quarter and by 21.3 percent from a year ago, according to a new tally from Inside Mortgage Finance. In general, the outlook for the sector is strong, but a handful of firms aren’t growing their business by very much. And one firm – Ocwen Financial – experienced a large decline in contracts during the period. At yearend, Ocwen subserviced...[Includes one data table]

Don't like the housing sales figures? Blame Trump and Bernie...

“Look, it’s March of an election year. And it’s not like he was going to get a lot done," said one observer regarding Stegman's departure.

Merge Fannie and Freddie into one? Crazier things have been suggested...

Meanwhile, we’re told that WJB’s woes can be traced to more than just TRID errors…

This advisor noted that WJB was looking to raise debt, but was also open to a sale.

Once again, the concept of "principal reductions" on Fannie, Freddie loans rears its ugly head.

What does a depository do if it has a mortgage with a TRID error?