Redwood indicated the income from the new jumbo MBS will be lower than income received through whole-loan sales...

“The banks’ sweet spot is with super prime,” said Marty Hughes, Redwood’s CEO…

Litigation settlements, of course, have played a role in the resurgence in profits at Fannie Mae and Freddie Mac, though the legal gravy train is just about over for those two.

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

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

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…

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

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…