Some 73 lenders contributed to the security. Also, a portion of First Republic’s loans weren’t subject to due diligence reviews, a relative rarity in the new era of jumbo MBS.

W.J. Bradley Mortgage Capital announced a number of new jumbo mortgage products this week. Among the offerings is a loan with a 10 percent downpayment requirement for balances of up to $850,000.

Richmond's mayor said the new rehabilitation program can be completed in addition to eminent domain. However, significant opposition to ED from mortgage industry participants appears to have changed how the city plans to implement its latest plan.

Translation into English: If you bought Ocwen’s stock at $60 and it’s now trading at $40 and you’re really steamed, give us a call.

An estimated $272 billion of non-agency jumbos were originated in 2013, accounting for 14.4 percent of total production.

In a 10-K filing, PHH said its mortgage business relies on just two firms for 41 percent of its private-label retail business: Merrill Lynch Home Loans at 29 percent and Morgan Stanley at 12 percent.

The Fed has promised to “taper” its MBS and Treasury investments in the months ahead, but with MBS issuance on the decline because of falling originations, the central bank likely will maintain or even increase its market share of purchases.

The five largest REIT MBS investors all reported double-digit drops during the final three months of 2013, while the mid-range companies generally had smaller declines and three smaller firms actually grew their portfolios.

According to industry sources, UGI wanted the new trade association to operate on the principle of unanimous consent both for budgetary and policy matters, which was opposed by other MIs.

"The facts regarding the department's work on mortgage fraud tell a much different story than this report," said a spokeswoman for the Department of Justice.