Although Fannie Mae is poised to begin auctioning off some of its nonperforming mortgages, the market continues to be dominated by smaller deals.

According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.

Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.

However, the late January 50 basis point reduction in FHA premiums should help.

Truman Capital alleged that Nationstar backed out of the transaction after realizing that the sale price for the NPLs was lower than fair market value.

The no-downpayment product from Navy Federal is called “HomeBuyer’s Choice,” and year-to-date the lender has funded $179 million in such loans…

Some $4.60 billion in jumbo mortgage-backed securities were issued in the first quarter of 2015, the highest quarterly volume seen in the aftermath of the financial crisis, according to Inside Nonconforming Markets. Jumbo MBS activity has had large swings in recent years due to shifting investor appetite and volume hasn’t been anywhere near the levels seen before 2008. However, the market recovered from an unexpected increase in interest rates ... [Includes one data chart]

Fannie Mae indicated that this auction will be the kick-off to future sales.

Fannie Mae, Freddie Mac and Ginnie Mae securitized $151.1 billion of refi loans during the first quarter, a 34.8 percent increase from the end of 2014.

Mortgage and asset securitization started 2015 with improving issuance volume and a chance to reverse last year’s paltry output. A total of $335.1 billion of residential MBS and non-mortgage ABS were issued during the first three months of 2015, according to a new Inside MBS & ABS analysis. That was up 7.7 percent from the fourth quarter of 2014, and it was a big 34.3 percent jump from the first quarter of last year. The first quarter of 2014 was...[Includes two data charts]