According to figures compiled by Inside Mortgage Finance, PMFS is the nation’s sixth largest residential originator, and 11th largest servicer.

Bad news for specialty servicers: Black Knight Financial Services said 58,700 foreclosures were started during April, the lowest reading in 10 years...

“We also have to pay more attention to third-party financing and third-party document custodians that new issuers are relying on,” Drayne added.

Although the CSS joint venture has a projected budget and multi-year budget plan, it is working with FHFA about when to release that information…

With rates holding steady the past two weeks, more servicing auctions could come to market…

So, who will mortgage professionals vote for come the fall election? Trump or Clinton?

At $1.661 trillion, it’s a new record in terms of banks and MBS holdings…

Commercial banks and thrifts boosted their combined holdings of residential MBS to a new record, $1.661 trillion, during the first quarter of 2016, according to a new Inside MBS & ABS analysis. The data include held-to-maturity and available-for-sale accounts, but not trading assets, which included another $45.99 billion of residential MBS as of the end of March. The banking industry’s MBS holdings in HTM/AFS portfolios rose 1.0 percent from the end of 2015, and they were up a substantial 5.2 percent from a year ago. It’s worth noting that total assets in the banking industry actually rose a bit faster, by 2.1 percent, dropping the MBS share of total assets down slightly to 10.2 percent. Unlike some quarters, when activity by one or two dominant banks accounts for most of the industry’s change, the first-quarter increase was...[Includes two data tables]

Freddie Mac and Common Securitization Solutions remain on track for the first stage of the ambitious Single Security to be implemented next year, according to officials speaking at this week’s secondary market conference sponsored by the Mortgage Bankers Association. David Applegate, CEO of CSS – the joint venture owned by the two government-sponsored enterprises that is building the common securitization platform – also said the project is on target to reach the second stage sometime in 2018. That’s when Fannie Mae will switch its to-be-announced business to the CSP and begin issuing Single Securities that will be fully interchangeable with Freddie Single Securities. Renee Schultz, senior vice president of capital markets at Fannie, said...

Risk-retention requirements included in the Dodd-Frank Act that met strong opposition from industry participants may turn out to be a profit source for some real estate investment trusts. Non-agency MBS have been subject to risk-retention requirements since the end of 2015, while the rules go into effect at the end of this year for commercial MBS and other asset classes. “I believe...