Meanwhile, $69.1 billion in FHA purchase and refi loans were securitized in 2Q, a whopping 93.9 percent sequential gain.

Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.

The Blackstone Group has finally lifted the 'cone of silence' on its acquisition of mortgage lenders. But will it disclose origination figures?

In general, most nonbanks exited the second lien arena in the wake of the financial crisis.

Will the industry see a flood of nonbanks into the second lien market?

The bank said it is cooperating with the two investigations, which could result in treble damages under The False Claims Act.

More issuers are stepping up to the plate by creating securities collateralized by nonperforming residential loans, but so far the action has mostly taken place in the private-placement market. “There have been a bunch of securitizations of NPLs lately,” one trader told Inside MBS & ABS, “but it’s all been Reg. 144 filings,” a reference to the Securities and Exchange Commission rule that allows for the public resale of restricted collateral if a number of conditions are met ...

It doesn’t happen often in the agency MBS market, but Ginnie Mae last month took the yellow jersey away from Fannie Mae. Ginnie issued a record $45.54 billion of single-family MBS in July, the agency’s biggest monthly output ever. That was a 12.6 percent increase from June, and nudged past Ginnie’s previous biggest month, July 2009, when its issuers pumped out $44.84 billion of single-family MBS. And it beat Fannie’s $44.14 billion of ... [Includes two data charts]

Wall Street giant Goldman Sachs this week announced it has set aside $1.45 billion for legal expenses for the second quarter of 2015, bringing its total anticipated legal costs so far to $5.9 billion to settle Department of Justice claims stemming from the sale of vintage non-agency MBS. A good chunk of that figure – $270 million – is expected to be tapped to resolve residential MBS litigation brought by pension funds led by NECA-IBEW Health & Welfare Fund of Illinois ...

Freddie Mac’s first Whole Loan Securities deal was met with strong demand from investors, according to industry analysts. The transaction differed in a number of ways from the risk-sharing deals the government-sponsored enterprises have issued, as its structure was more like a non-agency MBS. The $300.27 million WLS 2015-SC01 included senior tranches with a total balance of $278 million and credit enhancement of 7.50 percent. Investors could purchase the senior ...