Two Harbors is starting to offer “expanded credit” mortgages via its conduit, including allowing for lower credit scores and higher loan-to-value ratios.

Conforming-jumbos accounted for almost 10 percent of GSE business on single-unit properties in the first half of this year...

PIMCO stressed that the “Wells Notice” is neither a formal allegation of wrongdoing nor a finding that any law was violated.

Company CEO Dan Perl said the privately held nonbank has been receiving several applications for loan amounts ranging from $2.1 million to $2.7 million...

Clayton Holdings noted that 75.9 percent of the mortgages were originated via the retail channel with the balance coming through loan brokers.

According to one published report, Gov. Andrew Cuomo is considering John Coffey as the next superintendent for New York Department of Financial Services.

Potential investors in RoundPoint Mortgage include PIMCO, which so far has spent several million dollars on due diligence and legal costs...

Heavy refinance activity in the first half of 2015 caused a significant shift in the kinds of single-family MBS produced by Fannie Mae, Freddie Mac and Ginnie Mae. Issuance of MBS backed by adjustable-rate mortgages has dropped sharply in 2015, and ARMs haven’t had much of a presence for years. ARM MBS production by Fannie and Freddie in the first half of 2015 was down 20.1 percent from a year ago. The drop in Ginnie ARM securitization was less severe, 18.3 percent, but ARMs accounted for an even smaller share of overall production (1.7 percent) at Ginnie than the 2.9 percent share they had in government-sponsored enterprise MBS. Oddly, the heavy refinance market in the first half of 2015 did not appear...[Includes two data tables]

So far, the privately held Angel Oak has said little about its securitization plans, as has its partner on this adventure, Nomura Securities.

Industry participants largely support a plan from the Federal Housing Finance Agency to tie adjustments of the conforming loan limits to the FHFA’s “expanded data” House Price Index. The extent to which conforming loan limits should be adjusted, however, remains a topic subject to debate. In May, the FHFA noted that home prices were close to recovering from the aftermath of the financial crisis, which could prompt an increase to the conforming loan limit. The $417,000 conforming loan limit took effect in 2006 and the FHFA was prevented from reducing the limit by the Housing and Economic Recovery Act of 2008. The FHFA proposed...