Department of Housing and Urban Development Secretary Julian Castro faced the wrath of the GOP majority during a House Financial Services Committee hearing this week on the state of the FHA, focusing on the agency’s recent decision to cut annual mortgage insurance premiums. While Castro may have been warned about stepping into the lion’s den, he appeared ill-prepared for the confrontation with Republicans, unable to answer basic questions such as FHA’s net income, overall delinquency rate and the serious delinquency rate for 2014. Democrats, on the other hand, helped the embattled secretary regain his footing by expressing support for FHA’s efforts and putting perspective on some of FHA’s actions to strengthen the Mutual Mortgage Insurance Fund and help qualify more borrowers for FHA credit. Committee Chairman Jeb Hensarling, R-TX, set...

The jumbo market ended 2014 with $235 billion in originations, a 14 percent decline from the prior year.

The ABS Vegas show attracted more than 6,000 attendees, but few investors appear ready to buy new jumbo MBS.

Bayview is purchasing from a network of correspondent sellers roughly $10 million per month in loans that don’t meet the QM test defined by the CFPB.

Citadel Servicing Corp., which has made a name for itself as a new-style subprime lender, has rolled out an Alt A mortgage called “Maggi.”

Some $2.67 billion of jumbo MBS contributions in 2014 were from unidentified lenders, accounting for 27.1 percent of total issuance.

However, Nationstar, as a master servicer, provides trustees with more than 200 data fields a month regarding loan performance, servicing and more.

Forty-six different lenders contributed to the MBS led by Quicken Loans with a 39.1 percent share...

To bring the ABS to market the credit enhancement on the transaction is a hefty 23.50 percent.

With Ocwen about to unload a massive amount of servicing rights will the company still need to have such a large back-office operation in India?