Wells Fargo, JPMorgan Chase and Bank of America were the top producers of jumbo loans in the second quarter…

But we will remind readers that wholesalers refinancing clients (via a retail arm) originally brought to them by a broker is a decades-old complaint…

The Federal Home Loan Banks are offering a growing array of complex advance products and the Federal Housing Finance Agency wants to make sure they price the funding appropriately.

On July 23rd, Fannie announced Mayopoulos would depart as CEO before yearend. The heavily redacted FHFA IG report is dated July 26.

The biggest increase has been in the new breed of Alt A securities…

Mayopoulos didn’t even earn a performance bonus in 2017, despite a companywide pre-tax profit of $18.4 billion.

However, VA refi business struggled in the second quarter with production falling 7.0 percent…

Fewer rural single-family mortgages and modified home loans with a USDA guarantee were securitized during the first six months of 2018 compared to last year. Delivery of USDA loans into Ginnie Mae pools over the last two quarters totaled $8.6 billion, down 10.1 percent from the same period last year but up 12.4 percent in the second quarter from the prior period. PennyMac topped all USDA issuers with $1.7 billion worth of rural housing MBS issued during the first half of 2018, up 22.1 percent year-over-year. New issuance also rose 30.0 percent in the second quarter from the previous quarter, enough for a 20.2 percent share of the securitized USDA market. ... [chart]

Fannie Mae issued another fraud alert, this time warning lenders about 10...

The government-sponsored enterprises’ holdings of vintage nonprime mortgages continued a gradual decline during the second quarter of 2018, according to a new analysis by Inside Nonconforming Markets. [Includes one data chart.]