Negative equity – or even just the perception of it – is the most important determinant of default rates, according to a recent study by Collateral Analytics.

However, retail remains king of the jumbo sector…

Based in Henderson, NV, Sprout is a correspondent lender.

Retail originations declined more than third-party production in the three major mortgage-product categories during the third quarter of 2018, according to a new analysis by Inside Mortgage Trends. Based on survey data from a broad cross-section of lenders, retail originations fell 8.8 percent from the second to the third quarter. The wholesale-broker sector was down 1.9 percent, while correspondent production posted a 1.9 percent increase. The data ... [Includes two data charts]

Ocwen, which paid $360 million in cash for PHH, also disclosed: “The purchase price we negotiated contemplated PHH could continue to incur losses.”

Carrington Mortgage is working on its first non-QM securitization...

Towd Point Mortgage Trust 2018-SJ1 is the first post-crisis non-agency MBS backed by second liens to receive a credit rating.

Shellpoint Mortgage Servicing had the highest sequential growth rate among jumbo servicers…

OCC examiners noted greater use of asset dissipation underwriting, a practice used to qualify borrowers using a “hypothetical income stream from their asset liquidation rather than debt-to-income ratios.”

Fannie Mae and Freddie Mac continue to sell NPLs but for how long?