One source close to Wingspan told IMFnews that many executives have been let go, including marketing director Guy Davies.

A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...

Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.

Housing markets in North Dakota and Texas are looking a bit risky these days, according to the Arch MI Risk Index model.

The pending MBS from JPMorgan Chase will include contributions from Chase, First Republic Bank, PennyMac Loan Services and SunTrust Mortgage.

New production of non-agency MBS declined sharply from the first quarter to the second quarter of 2015, although year-to-date issuance suggests that 2015 could top last year’s total output. Just $13.92 billion of non-agency MBS were issued during the second quarter, a 40.0 percent tumble from the first three months of the year. The first quarter of 2015 was the biggest quarter in non-agency MBS issuance since the second quarter of 2009. The biggest components of the market have been...[Includes three data tables]

Bond investing giant Pacific Investment Management Co., commonly known as PIMCO, is getting more serious about buying a mortgage franchise and has zeroed in on a mid-sized nonbank, according to industry officials who claim to have knowledge of the talks. But it’s not mortgage banking, per se, that PIMCO is ultimately interested in – it’s the MBS market. “PIMCO has been in the MBS game for many years, so I would think this is possible,” said industry consultant Paul Hindman. Hindman has...

No matter how cleverly hidden, the Securities and Exchange Commission can eventually ferret out bad business practices – a costly lesson learned by AlphaBridge Capital Management. The SEC ordered AlphaBridge, a registered hedge-fund adviser, and two of its principals to pay a $5 million penalty for allegedly inflating the prices of illiquid MBS held in hedge-fund portfolios managed by the firm. The SEC charged...

FUN FACT: PIMCO owns almost 12 percent of PHH Corp., the parent of the nation's ninth largest residential servicer.

Issuance of jumbo mortgage-backed securities leveled off in the second quarter of 2015 after posting strong gains in the previous three quarters, according to a new ranking and analysis by Inside Nonconforming Markets. Some $3.11 billion in jumbo MBS was issued in the second quarter, down 32.5 percent from the first three months of the year. After unexpected fluctuations in interest rates in mid-2013, jumbo MBS issuance averaged ... [Includes one data chart]