An estimated $1.21 trillion of newly-originated home loans were pooled in mortgage securities last year.

Five Oaks’ jumbo conduit also has faced headwinds due to a lack of demand for new jumbo MBS.

When it comes to attracting and retaining top loan originator talent in the era of the Consumer Financial Protection Bureau, it looks like independent shops may be the game to beat. One key issue now is whether depository institutions will step up to compete for the top talent in the mortgage space. “If we look back to 2008-2009, the brokers fled as quickly as they could to the independents, the depositories, just everywhere they could, to be able to operate and manage their business,” Drew Waterhouse, managing director of Hammerhouse LLC, said during an Inside Mortgage Finance webinar late last week. As the playing field has become more level with all the different regulations that have been brought to bear since then, “you see...

Prior to the HELP Act, a small lender was only eligible for these provisions if it operated predominantly in rural or underserved areas.

This advisor noted that WJB was looking to raise debt, but was also open to a sale.

One commenter said the GSEs should be required to purchase chattel loans that are “prudently underwritten with appropriate consumer protections.”

What does a depository do if it has a mortgage with a TRID error?

JPMorgan Chase is preparing to issue the first non-agency MBS that will comply with a securitization safe harbor established by the Federal Deposit Insurance Corp. in 2010, according to presale reports published this week. The $1.89 billion Chase Mortgage Trust 2016-1 received preliminary AAA ratings from Fitch Ratings and Moody’s Investors Service. According to Fitch, Chase will sell only the subordinateclasses to investors, retaining the senior tranche, which accounts for 87.7 percent of the MBS. To meet the FDIC safe-harbor requirements, Chase will also retain...

The development of the “deal agent” concept and the recommendations to standardize documentation are crucial to the revival of the non-agency MBS market, according to the Urban Institute. However, more work needs to be done to refine and implement the principles underlying the deal-agent concept and document standardization, said Laurie Goodman, director of the Housing Finance Policy Center at UI, in a new report. Many investors remain...

Home-equity originations declined by a modest 3.0 percent from the third to the fourth quarter...