The supply of “conforming-jumbo” mortgage originations flowing into agency mortgage-backed securities programs contracted sharply in the fourth quarter of 2015, but overall jumbo lending still held up better than the overall market, according to a new Inside Mortgage Finance analysis. During the final three months of 2015, Fannie Mae, Freddie Mac and Ginnie Mae securitized $24.69 billion of mortgages with loan amounts that exceeded the baseline conforming loan limit, $417,000… [Includes three charts]

Refinance activity was heavy in the first half of 2015, and jumbo borrowers typically have more to gain by pulling the refi trigger.

D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...

The market had largely abandoned risky lending products before the QM rule ever kicked in…

Marketplace lenders may want to beef up their compliance staffs: The CFPB is now accepting complaints.

The Treasury Department helped facilitate discussions among the working group...

TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.

Fitch didn’t adjust its loss expectations due to TRID compliance issues, noting that the risk for investors was “immaterial...”

Ellington is also investing in lenders that originate the loans.

Years of warnings from securities issuers and investors about regulatory uncertainty appear to have shifted to actual consequences as liquidity in the MBS and ABS markets has declined significantly in recent months. Almost every panel session at the ABS Vegas conference produced by Information Management Network and the Structured Finance Industry Group this week included comments regarding liquidity and regulation. Daniel McGarvey, the head of U.S. asset-backed products origination at Societe Generale, noted that in recent months spreads on MBS and ABS have increased due to illiquidity. “Credit risk is not currently a driver of credit spreads,” he said. “This should be a concern for all of us in the securitization market.” Delinquencies and losses, traditional factors in liquidity, remain...