Mortgage brokers and correspondents helped fuel the surge in agency mortgage-backed securities issuance during the third quarter of 2014, according to a new Inside Mortgage Trends analysis of loan-level MBS data. Correspondents originated 35.0 percent of the loans securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the third quarter, up slightly from the first two quarters of the year. Likewise, the share of broker originations edged up to 11.3 percent in the most recent three-month period.Wells Fargo ranked as the biggest seller of third-party originations during the first nine months of the year. The company pulled out of the broker market, although a few such loans trickled into agency MBS this year, but correspondents accounted ...

In fact, it was the highest quarterly volume in new flow business for the MI sector since the second quarter of 2008.

Some publicly traded nonbanks are facing possible class-action lawsuits from angry investors who’ve seen billions of dollars in stock equity evaporate over the past year.

To date, Provident Funding has declined to clarify the situation.

As IMFnews went to press, the share price of Altisource was getting slammed, down 20 percent on the day.

Will former Long Beach Mortgage executive Jon Daurio finally launch a new nonprime venture?

Some investors have pointed out that Ocwen’s origination volume is small compared to its MSRs and that historically the company has never been competitive in the origination market.

Redwood insists the company prefers to issue jumbo MBS rather than sell whole loans, but the current pricing is just too good to pass up.

Fannie and Freddie have been exploring the adaptation of alternative credit scores for months, but have yet to take action.

Apollo's Commaroto said the REIT is bidding on loans, but is still considering whether to acquire non-QMs that way or partner with a lender to receive a more steady flow of product.