It seems that more MI firms are sticking their toes into the jumbo waters...

According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams...

Charles Schwab Bank was the biggest investor in consumer ABS with $12.49 billion at the midway point in the year.

It could be years before many lenders get comfortable offering non-QMs with significant default risk due to the litigation risk.

Jumbo MBS issued since 2010 have better tail-risk protection than deals issued before the financial crisis, according to analysts at Moody’s Investors Service. Provisions addressing tail risk aren’t uniform, however, with some differentiation among issuers. Tail risk occurs when only a few loans remain in an MBS, with activity on the loans subjecting investors to potentially unexpected losses. The risk is particularly pronounced for jumbo MBS as the average loan amount on many deals tops $700,000, and many of the transactions include loans with balances above $1.5 million. In a report released late last week, Moody’s noted...

With MBS issuance volume falling sharply in August, the mortgage industry may have another profit-related concern on its hands: gain-on-sale margins are coming under pressure. For now, no one is panicking, but until the recent rate drop – courtesy of China devaluing its currency – loan volumes were beginning to slow, especially for refinancings, although there’s plenty of hope that the purchase business will stay robust through the remainder of the fall. As one jumbo securitization official told Inside MBS & ABS: “Gain-on-sale margins have been...

Roughly $24.0 billion of home-equity lines-of-credit and second mortgages were originated during 2Q, up 23.1 percent from the first three months of the year.

Besides Fidelity, other institutional investors have slashed their holdings in the company, fearing that its best days are behind it.

Many left-leaning politicians have complained that Wall Street executives got off the hook for the financial crisis...

Home-equity lending jumped to its strongest level in seven years during the second quarter of 2015, but most depository institutions continued to see declining balances in their home-equity portfolios, according to a new Inside Mortgage Finance ranking and analysis. An estimated $24.0 billion of home-equity lines-of-credit and second mortgages were originated during the second quarter, up 23.1 percent from the first three months of the year. It was the highest production level since the second quarter of 2008. Although the Federal Reserve won’t release an official figure for home-equity loans outstanding at the end of June until next week, call-report data suggest...[Includes three data tables]