Small lenders should be afforded “equal access” to the secondary market and the same execution opportunities as their larger contemporaries, and they would under a reform plan proposed by the Mortgage Bankers Association. A “concept paper” released by the MBA this week recommends immediate steps the Federal Housing Finance Agency can take by way of secondary market reform of the government-sponsored enterprises Fannie Mae and Freddie Mac on behalf of lenders of all sizes, including inducing comparable guaranty fees and eliminating underwriting concessions for large lenders. The MBA called...

As of Wednesday morning, a GSE shareholder petition accessible through the White House website had 874 of the 100,000 signatures required by July 1.

Nonbanks continue to request warehouse lines of credit but because of declining origination volumes, the thirst is easing somewhat.

The top contributors to the new Redwood Trust jumbo deal include George Mason Mortgage, Cole Taylor Mortgage, W.J. Bradley Mortgage Capital and PrimeLending.

The MSR sales machine is cranking up at MountainView.

Conix Inc. is in the market with an MBS backed by nonperforming mortgages. Could other deals be far behind?

Wells Fargo was the top-ranked non-agency jumbo lender in the first quarter with $9.67 billion, nearly double the next closest lender.

Cole Taylor Mortgage is getting serious about the servicing business. It purchased a portfolio from Liberty Savings and plans to start its own in-house platform.

There is at least one curiosity in the GSE draft bill: any individual who ever served as a director of the Federal Housing Finance Agency is prohibited from serving as a board member on the new Federal Mortgage Insurance Corp.

Ellington Management under new mortgage chief Steve Abreu may go on a purchase tear, rolling up companies.