Although Flagstar earned money on its mortgage business in the first quarter, its gain-on-sale margin took a major hit.

ASF suggests that one way to reduce the market share of the GSEs is to hike guaranty fees once again.

PennyMac once again posted strong earnings, but the REIT's correspondent purchases are beginning to slow somewhat.

The jumbo market is heating up, which means the price paid for whole loans is on the rise.

Vericrest Financial is said to be the winning bidder on a $16 billion package of mortgage servicing rights. However, the company would not comment.

Obtaining approvals to become a GSE seller/servicer can cost you, but think of the money you can make from owning servicing rights.

Modeling changes that have been proposed by insurance commissioners could increase loss forecasts and prompt sales of non-agency MBS.

When it comes to jumbo MBS deals, Redwood Trust is on a tear this year.

Ginnie Mae is seeking comment from Wall Street dealers on whether the agency should continue maintaining two separate MBS programs, or consolidate them and create a third Ginnie Mae security. The agency has reportedly sent questionnaires to dealers seeking their opinion on a number of options, including combining the lower volume Ginnie Mae I MBS program with the far busier Ginnie Mae II program and its likely impact on liquidity, issuance and market share. A Bloomberg report said...

Issuance of non-agency MBS quadrupled in the first quarter, according to new figures compiled by Inside MBS & ABS. Firms selling securities include Ocwen and Nationstar.