Not only has BofA reduced its presence in the FHA market, but it keeps dumping its Ginnie Mae servicing rights...

As a structural matter, the bank is moving the operation from its “securitized products” group to “macro trading.”

A change of control of a mortgage insurance firm would need the approval of Fannie Mae or Freddie Mac...

Besides Quicken, loanDepot has been mentioned as an innovator when it comes to new using new technologies...

Loan brokers were slightly more purchase-focused than retail lenders...

The NPLs that Freddie Mac wants to sell currently are being serviced by Nationstar Mortgage.

As the Home Affordable Refinance Program ushers in its last year, the Federal Housing Finance Agency has charged Fannie and Freddie with developing an alternative to the popular refinance program created in 2009 to help underwater borrowers. Originally set to end in December 2013, the HARP program has been extended twice and will be put to rest on Dec. 31, 2016. At that time, the FHFA said the GSEs should have a high loan-to-value ratio refinance program in place and ready to kick off in January 2017. The FHFA’s 2016 scorecard for the GSEs directed Fannie and Freddie to “finalize post-crisis loss mitigation options for borrowers, including loan modifications, and develop an implementation plan and timeline.”

The Ginnie Mae market was the most active of the three, with an estimated $112.6 billion in MSR sales through the first 11 months of 2015.

The average daily trading volume for agency MBS fell to a yearly low of $149.2 billion in December, as trading desks from coast to coast continued to assess how to make money in what’s become a business of tight profit margins. Late this week, Barclays Bank unveiled a massive restructuring of its MBS and whole-loan trading business, cutting the number of employees in the division – including traders – down to 50 from roughly 100. As a structural matter, the bank is moving...

MBS backed by multifamily mortgage loans would be exempt from a proposed rule that would establish margining requirements for multifamily agency finance. Had it been implemented as originally proposed, the rule would have amended the Financial Industry Regulatory Authority’s Rule 4210 to establish margin requirements in the single-family “to-be-announced” (TBA) market. At the same time, it would have also scoped in the multifamily housing programs of Fannie Mae and FHA/Ginnie Mae, according to the Mortgage Bankers Association. FINRA filed...