JPMorgan Chase may not like FHA loans very much, but it certainly has a strong appetite for jumbos, hence the huge growth in its retained portfolio...

The Lone Star bond could also receive credit ratings, which would be a first for a nonprime MBS backed by new originations in the post-crisis era...

In addition, yourFirstMortgage does not require an upfront mortgage insurance premium…

MBA said the average pre-tax production profit was 33 basis points in the first quarter of 2016, compared to an average net production profit of 22 bps in 4Q15.

Better loan grading on the way?

The three agencies produced $114.71 billion of new single-family MBS last month, a 5.3 percent increase from April’s volume.

Increased securitization of purchase-money mortgages provided the lift for a pickup in the production of new single-family MBS by Fannie Mae, Freddie Mac and Ginnie Mae in May, according to a new market analysis and ranking by Inside MBS & ABS. The three agencies produced a total of $114.71 billion of new single-family MBS last month, a 5.3 percent increase from April’s volume. May was the third straight month of increased production and it just barely exceeded the $113.56 billion issued during the same period a year ago. For the first five months of 2016, production was down 2.8 percent from last year. Purchase mortgages accounted...[Includes two data tables]

FMC bought these current loans out of Ginnie pools at lower prices applicable to delinquent loans, the SEC said. But in reality, the mortgages were really current…

A new jumbo MBS from Redwood Trust will mark the second non-agency MBS to include mortgages subject to the TRID mortgage disclosure rule. The real estate investment trust plans to issue a $344.89 million deal next week, according to a presale report from Kroll Bond Rating Agency. The rating service said 366 mortgages, accounting for 74.8 percent of the loan pool, are subject to the combined Truth in Lending Act/Real Estate Settlement Procedures Act rule. Redwood will issue...

The nonagency, nonprime MBS market continues to generate plenty of interest among mortgage professionals, but the number of securities being generated – and contemplated – remains small. The situation isn’t likely to change anytime soon, but there are developments on the horizon that could spur an increase in issuance. According to interviews conducted by Inside MBS & ABS, the number of investors interested in buying nonprime whole loans is increasing. So far, the primary attraction is the higher yield offered by these non-Fannie Mae/Freddie Mac and FHA loans. Last year, roughly $2 billion in nonprime loans were originated...