MountainView, a firm known mostly for the market it makes in mortgage servicing rights, is branching out into non-QM lending, but company officials cautioned that its effort will start small. Moreover, a spokesman for the firm clarified that loans acquired through its new “Peak Program” will meet the ability-to-repay rule requirements, including the non-QM loans. “We expect...

Credit unions have been slowly expanding their share of new mortgage originations for the past decade, but in 2014 the industry crossed a symbolic threshold, according to a new Inside MortgageFinance analysis of call-report data. For the first time, the credit union industry owns a double-digit share of new originations. The industry originated $30.0 billion of home mortgages during the second quarter – or 10.2 percent of the $295.0 billion in total mortgage originations for the period. Back in 2004, credit unions accounted...[Includes one data chart]

Ethos Lending, a QM and non-QM lender, is marketing itself to third-party loan officers as the “broker advocate."

Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private."

In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.

The watchdog arm of Congress noted that the Treasury hasn’t implemented 6 out of 24 recommendations relating to housing programs funded by the Troubled Asset Relief Program.

There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.

In other servicing-related auctions, The Prestwick Group is working on three bulk deals and three flow transactions.

Wingspan is a specialty servicer, a space that is looking increasingly crowded these days.

The initiative – which is being spearheaded by The Collingwood Group – comes at a time when the share prices of publicly traded mortgage companies have reached new lows.