With JPMorgan Chase slated to buy $45 billion worth of Fannie Mae rights from nonbank Ocwen Financial the shift in MSRs over to banks likely will continue...

Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.

Nevada was the leader in underwater homes with 24.2 percent of mortgaged properties in a negative equity position.

The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...

Bank demand for MBS has increased due to new accounting requirements and a decline in total residential loan production in recent years.

United Wholesale's Mat Ishbia said 20 percent of purchase mortgages are originated by brokers.

The representations and warranties used in jumbo MBS can sufficiently handle some breaches but fail to completely protect investors, according to Moody’s Investors Service. In a report released this week, the rating service noted that issuers use two main varieties of reps and warrants: those that allow for an open-ended review of loans and those that employ a prescriptive framework. The open-ended reviews are seen in jumbo MBS from Redwood Trust, WinWater Home Mortgage and others...

Mortgage lenders repurchased or paid losses on $710.1 million of Fannie Mae and Freddie Mac loans during the fourth quarter of 2014, a 30.8 percent increase from the previous period, according to a new Inside Mortgage Trends analysis of earnings reports. While increased buybacks are never a good thing for lenders, the fourth-quarter total was the second-lowest repurchase amount disclosed by the two government-sponsored enterprises ... [Includes two data charts]

For the first time in nearly three years, commercial banks and thrifts increased their mortgage servicing rights accounts during the fourth quarter of 2014, according to a new Inside Mortgage Trends analysis of call reports. At the end of last year, banks serviced residential mortgages with an unpaid principal balance of $4.416 trillion for other investors, an increase of $3.6 billion from the third quarter. That represents a tiny 0.08 percent increase ... [Includes one data chart]

After gaining market share in the fourth quarter of 2014, the wholesale-broker channel is poised for further growth, according to Mat Ishbia, president and CEO of United Wholesale Mortgage. “Wholesale brokers are making a comeback,” Ishbia said this week during a webinar sponsored by his firm, which was the second-ranked lender in the broker channel in 2014, according to Inside Mortgage Finance. “We see it growing again in the first quarter, second quarter and beyond ...