The survey of almost 2,000 real estate agents found that lenders routinely extend their deadlines due to loan processing issues, causing problems for homebuyers

Marc Savitt, president of National Association of Independent Housing Professionals, a broker/appraiser trade group, noted that the short-term outlook for the sector looks difficult.

When in doubt, use the whole loan market. Shellpoint Partners is giving up, for now, trying to issue a jumbo MBS.

FHA mortgages were used to finance 22 percent of home purchases in September, based on the three-month moving average.

A few years ago, industry veteran Bill Dallas wasn't so crazy about loan brokers. But he has apparently changed his mind.

According to one servicing advisor, large banks – including Wells Fargo – have been quietly selling excess servicing rights through private securitizations.

The biggest originator of jumbo mortgages is redeveloping a platform to issue non-agency mortgage-backed securities, according to Larry Rubenstein, managing counsel at Wells Fargo. However, don’t expect jumbo MBS from Wells anytime soon as the bank has plenty of portfolio capacity. Wells hasn’t issued a non-agency jumbo MBS since 2008, when it was the top issuer of such securities, according to the Inside Mortgage Finance MBS Database. Speaking at the ABS East conference sponsored by Information Management Network ...

The qualified residential mortgage requirements recently proposed by federal regulators could force banks to retain mortgages in portfolio instead of issuing non-agency mortgage-backed securities, according to industry participants. The Dodd-Frank Act requires that non-QRMs be subject to required risk retention of at least 5 percent. In August, federal regulators proposed aligning the definition for QRMs with the definition for qualified mortgages established by the Consumer Financial Protection Bureau ...

Underwriting standards for jumbo mortgages decreased slightly in September compared with the previous month, according to a Mortgage Bankers Association analysis of data from AllRegs... Joseph Smith, the monitor for the $25 billion national servicing settlement with five banks, released a report this week detailing for the first time how the servicer loss mitigation actions have been credited. While the banks reported $38.72 billion in gross relief via loss mitigation and refinances through the end of 2012 ...

SunTrust Banks has agreed in principle with the Department of Housing and Urban Development and the Department of Justice to settle certain FHA-related claims. Separately, a federal judge in Texas refused to dismiss a government suit against two FHA lenders accused of manipulating HUD into insuring poorly underwritten loans which later resulted in massive losses to the agency. Announced on Oct. 10, SunTrust’s agreement with the government agencies is part of a broader resolution of certain legacy matters and repurchase agreements with Fannie Mae and Freddie Mac. SunTrust has agreed to settle certain ...