The “major” counties where it’s cheaper to rent are all in Southern California...

JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.

Complaints about residential mortgages were among the first type of gripes to be accepted and tracked by the CFPB’s consumer complaint database.

Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.

Perry Capital and other speculators own the junior preferred and common shares of Fannie Mae and Freddie Mac...

The enormous amount of capital flowing into the commercial real estate financing industry is the biggest factor that has shaped the market in recent years, according to Brian Stoffers, global president at CBRE Capital Markets. “It’s recognized as a good place to be if you’re an asset allocator, and it’s recognized as an institutional play with growth opportunities and cash flow,” he said speaking on a recent real estate panel in Miami. “So that kind of capital flow has driven [capitalization] rates lower.” Commercial real estate lending levels are exceeding...

The Royal Bank of Scotland may face having to pay a potential settlement of $13 billion amid claims that it sold faulty MBS to Fannie Mae and Freddie Mac, according to court documents. RBS was part of a string of litigation initiated in 2011 by the Federal Housing Finance Agency against 18 financial institutions. The suits alleged violations of federal securities laws and state laws in the sale of the non-agency MBS between 2005 and 2007. “MBS volumes linked...

FUN FACT: PIMCO owns almost 12 percent of PHH Corp., the parent of the nation's ninth largest residential servicer.

While a number of structural issues continue to limit activity in the non-agency mortgage-backed security market, reform of the government-sponsored enterprises would dramatically help the sector’s recovery, according to officials at the Securities Industry and Financial Markets Association. “Issuers and investors are not likely to build the infrastructure necessary for a vibrant private-label securities market until they have a better understanding of how the government’s role ...

Increases to guaranty fees charged by the government-sponsored enterprises along with cross-subsidization policies could prompt bank lenders to shift more of their originations from the GSEs to portfolio. According to a report released last week by the Federal Housing Finance Agency, Fannie Mae and Freddie Mac charged an average g-fee of 60 basis points for 30-year fixed-rate mortgages in 2014, up from 55 basis points the previous year and ...