With upwards of $15 billion in nonperforming mortgages expected to be sold at auction this year – and with Fannie Mae and Freddie Mac entering the market – securitizations of these problem loans could take off during the next few quarters. To date, there has been little information about nonperforming securitizations, though a handful of private deals have been issued over the past 18 months, market sources told Inside MBS & ABS. “Deals are getting done...

Wells Fargo says it is committed to its remaining joint venture lending partners but isn't giving out any names on the JVs.

Milestone Advisors has picked a winning bidder for the MSR portfolio once owned by Taylor, Bean & Whitaker.

JPMorgan Chase will slash thousands of mortgage workers over the next 20 months.

Mortgage bankers are promising to wage war over any new guaranty fee hikes that are used for non-residential projects.

The GSEs continued to wrangle with seller/servicers over repurchase requests during the fourth quarter of 2012, but mostly over loans originated five years earlier.

Nationstar Mortgage signs a new employment contract with one of its top executives, CFO David Hisey.

A new bipartisan panel wants to close Fannie Mae and Freddie Mac and limit U.S. support for mortgages.

Jumbo loan prices are red hot.

The CFPB recently issued guidance to mortgage servicers reminding them of their legal obligations to protect borrowers during the transfer of mortgage servicing between firms. “Consumers should not be collateral damage in the mortgage servicing transfer process,” said CFPB Director Richard Cordray. “This guidance directs all mortgage servicers, both banks and nonbanks, to follow the laws protecting borrowers from the risks of such transfers and makes clear that we will be monitoring them for compliance.” In CFPB...