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

Mortgage brokers grabbed a slightly bigger share of the originations market in the first quarter of 2016, according to a new Inside Mortgage Finance ranking and analysis. Mortgage brokers generated an estimated $38 billion of new home loans during the first quarter, a modest 2.7 percent increase from the previous period. Meanwhile, correspondent production declined by 0.8 percent to an estimated $122 billion and retail originations weakened by 2.2 percent. There appeared...[Includes four data tables]

“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.

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?