One of the largest players in the "new" nonprime mortgage industry is Citadel Loan Servicing, Irvine, CA, which now has a portfolio totaling $600 million.

Some industry reps say the omission of more guidance on cures will hurt the jumbo secondary market, where anxiety over assignee liability is high...

Looks like JPMorgan Chase is getting ready to issue yet another jumbo MBS...

Nonbank jumbo originators may soon find themselves at a pricing disadvantage to depositories thanks to recent events beyond their control: two jumbo conduits calling it quits and updated regulatory language that offers no comfort when it comes to curing “TRID” errors. Industry veteran Bill Dallas, who runs nonbank lender Skyline Home Loans, Calabasas, CA, put it bluntly, saying: “Banks appear to be the big jumbo winners – Union Bank and others.” He said jumbo production is a low-margin business but a necessity in California. The CEO noted...

Caliber has loosened requirements for its nonprime production, making changes to guidelines every six weeks or so…

At press time Wednesday, the share price of Nationstar was soaring...

An estimated $46 billion in ARMs were originated in the first quarter of 2016, down 2.1 percent from the previous quarter…

Investors in Freddie (and Fannie Mae) common and preferred who bought their shares as a speculative investment are still wondering: Hey, when do we get some of that money?

Impac said that while it sells production, it is now retaining more than 80.0 percent of its mortgage servicing rights.

Two Harbors Investment and Five Oaks Investment separately announced plans to end their jumbo mortgage conduit operations due to profitability issues. “We believe that current and expected mortgage market conditions and competitive pressures will prevent us from growing this business to a scale that meets our long-term goals and financial expectations,” said Thomas Siering, Two Harbors’ president and CEO. The Two Harbors announcement came...