MountainView, a firm known mostly for the market it makes in mortgage servicing rights, is branching out into non-QM lending, but company officials cautioned that its effort will start small. Moreover, a spokesman for the firm clarified that loans acquired through its new “Peak Program” will meet the ability-to-repay rule requirements, including the non-QM loans. “We expect...

One GSE source close to the CSP project noted that Yanoti was one of the platform’s “leaders,” but cautioned that “there are others as well.”

Another refi boomlet? One Long Island-based mortgage executive told us this: “Locks doubled from the day before and are up 30 percent over the previous 10 days”…

Ethos Lending, a QM and non-QM lender, is marketing itself to third-party loan officers as the “broker advocate."

Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private."

In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.

Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?

Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?

There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.

In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.