The Federal Home Loan Bank of New York and MAX Exchange announced a pilot program that will allow members of the New York FHLBank to sell jumbo whole loans on an open exchange platform. MAX Exchange is a peer-to-peer trading platform and clearing house for mortgages. The pilot program will include a limited number of pre-approved traditional secondary mortgage investors and a limited number of New York FHLBank members ... [Includes six briefs]

Is the bloom off the rose in the single-family home rental market? Some institutional investors are shedding assets.

Credit enhancement levels set by the rating services play a major role in an issuer’s decision to come to market.

The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...

The Irvine-based Citadel continues to ramp up its staff and hopes to hire another 15 to 20 workers by the end of June.

According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.

The decline in the use of principal reduction mods is concentrated on bank portfolio loans as opposed to mortgages in non-agency MBS.

Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.

Truman Capital alleged that Nationstar backed out of the transaction after realizing that the sale price for the NPLs was lower than fair market value.

Some $4.60 billion in jumbo mortgage-backed securities were issued in the first quarter of 2015, the highest quarterly volume seen in the aftermath of the financial crisis, according to Inside Nonconforming Markets. Jumbo MBS activity has had large swings in recent years due to shifting investor appetite and volume hasn’t been anywhere near the levels seen before 2008. However, the market recovered from an unexpected increase in interest rates ... [Includes one data chart]