Mack, a senior executive vice president at Wells, has been at the bank for 33 years...

But the gain was largely attributable to one bank – Wells Fargo – which acquired an agency servicing portfolio of about $51.0 billion from Seneca Mortgage…

Great Ajax is a real estate investment trust that formed in 2014 and went public in early 2015.

Moody’s said GSE participation will continue to erode the sector’s reliance on commercial MBS as a source of financing…

Of late, Impac’s share price has been trading at $11.00 a unit, just a tick above its 52-week low.

It hasn’t happened often in recent years, but commercial banks and thrifts were actually servicing more home mortgages for other investors at the end of September than they had at the midyear point. A new analysis by Inside Mortgage Trends of bank call reports shows the industry was servicing $3.652 trillion of home loans for other investors at the end of the third quarter. Most of this SFO business is tied to mortgage-backed securities pools, and the ... [Includes one data chart]

Mortgage repurchase activity was up sharply at Freddie Mac during the third quarter, while buybacks were down at Fannie Mae, according to an Inside Mortgage Trends analysis of disclosures filed by the two government-sponsored enterprises. Loan sellers repurchased or made other indemnification related to $142.43 million of loans sold into Freddie mortgage-backed securities during the third quarter, a sharp 48.3 percent increase from ... [Includes two data charts]

Drivers for ride-sharing companies and other participants in the so-called gig economy largely work the jobs to earn extra money. But even with the supplemental earnings, many in the gig economy don’t expect to purchase a home any time soon, according to a survey by Fannie Mae. The lack of demand for mortgages from workers in the gig economy is significant because 16 percent of adults in the U.S. work in the sector, including ride sharing, food delivery, handyman services ...

Mortgages with high home price-to-income ratios tend to perform worse than mortgages with lower PTI ratios, according to economists at the Federal Reserve. The analysts suggest that PTI ratios are a helpful tool for gauging mortgage risk by tracking housing affordability. “Banks that have greater exposure of mortgages to high PTI regions have higher mortgage delinquency and charge-off rates and significantly higher probabilities of failure, even after controlling for ...

When it comes to hiring, mortgage banking firms aren’t quite sure what to make of the coming year, though some shops aren’t shy about planning for growth. One firm that’s squarely in the optimism column is United Wholesale Mortgage, the nation’s largest table-funder. The privately held nonbank currently employs 2,300 and hopes to add 450 next year as it tries to move up in the ranks. Mat Ishbia, president and CEO of UWM, told Inside Mortgage Trends the company is hiring in ...