A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business.

If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.

In January, Birch Run reported a 17.8 percent ownership stake in Walter, but has since increased it to 19.8 percent.

At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…

Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.

The number of young vets has risen while the 35- to 64-year-old bucket has shrunk...

Some believe the FHA MMIF minimum capital standard should be 4.5 percent, not 2.0 percent.

Jumbo mortgages have provided commercial banks and thrifts with good profits margins. Of course, it helps that deposit rates are almost non-existent.

Publicly traded real estate investment trusts that buy MBS continued to whittle down their positions in government and agency product during the third quarter, a trend that some fear may have no bottom. Market leader Annaly Capital Management trimmed its MBS holdings to $66.3 billion during the period, a 1.9 percent sequential decline, but an ugly 18.6 percent drop compared to the third quarter of last year. It is investing more of its cash in commercial product. Number two ranked American Capital Agency Corp. was...[Includes one data table]

It would take a significant increase in interest rates to diminish bank demand for holding originations of jumbo mortgages in portfolio, according to industry analysts. Analysts at Bank of America Merrill Lynch said higher interest rates could eventually shift the economics in favor of banks securitizing their jumbo production and buying back the AAA tranches of the mortgage-backed securities rather than owning the whole loans on their balance sheet. “While it is tough to ...