The jumbo loans in the new Redwood deal are relatively young. But 72 lenders are feeding mortgages into the security.

The rating services have raised concerns about the representations and warranties on the new JPM jumbo deal as well as geographic concentration risk.

Statebridge, which was founded in late 2008, is looking to grow its subservicing platform. The company is licensed in all 50 states.

FHFA sued UBS in 2011 over $4.5 billion in RMBS securities that the bank sponsored and $1.8 billion in third party RMBS sold to Fannie Mae and Freddie Mac.

Loan applications are strong at Citadel, a newly launched nonprime lender. HUD goes on furlough for a day.

It has been a bad month for nationally recognized statistical rating organizations (NRSROs) as plaintiffs pummeled Standard & Poor’s, Moody’s Corp. and Fitch Ratings with lawsuits in state courts, seeking damages for allegedly fraudulent investment ratings of pre-crisis non-agency MBS. On July 9, liquidators of two Bear Stearns funds sued the three rating agencies and their parent companies in New York state court for more than $1.12 billion in damages, as well as punitive damages, over allegedly inflated ratings of purportedly “high grade” securities. Geoffrey Varga and Mark Longbottom, the joint official liquidators of Bear Stearns, brought...[Includes one data chart]

Redwood Trust, not surprisingly, was the top jumbo MBS issuer in the first half of 2013, according to exclusive rankings from Inside MBS & ABS.

Not only are nonperforming residential mortgages being placed into new securities, but so are re-performing loans.

Fear and loathing in the mortgage job market? Movement Mortgage has let several mortgage workers go. Can looser underwriting standards save the day?

Jumbo originations increased at First Republic Bank, but its mortgage gain-on-sale margin took a hit.