It was thought that with the Consumer Financial Protection Bureau working on a new regulation to clarify key portions of the TRID integrated-disclosure rule and assignee liability that the scratch-and-dent market in TRID-defective loans would grind to a halt. But that’s not how it’s turned out. According to investors in “S&D” TRID mortgages and traders who play in the space, auctions of mortgages with errors (of all sorts) have continued...

Let's face it: most banks are just chicken to hold mortgages in portfolio unless they're jumbos...

How would you like to be the servicer of a mortgage made to Barack Obama?

Redwood indicated the income from the new jumbo MBS will be lower than income received through whole-loan sales...

“The banks’ sweet spot is with super prime,” said Marty Hughes, Redwood’s CEO…

The housing bubble did in fact burst and I don’t recall Trump making any money off of it unless he did so through private investments that none of us know about...

Four other banks were released from similar restrictions by the OCC earlier this year...

Last summer, Chase started offering jumbos with credit scores as low as 680 and downpayments as small as 15 percent. Previously, the bank required credit scores of at least 720 and 20 percent down…

Jumbo mortgages accounted for 20.3 percent of total first-lien originations in the first quarter of 2016, according to estimates by Inside Nonconforming Markets. While jumbo production declined slightly in the first quarter compared with the previous period, overall originations posted a steeper drop. An estimated $77.0 billion in jumbos were originated in the first quarter of 2016, down 1.3 percent from the previous quarter and up by 6.9 percent compared with ... [Includes one data chart]

Helpful CFPB mortgage audit tip: Set aside a parking space for the visiting CFPB examiner(s) that says, “Welcome, CFPB…”