United Wholesale's Mat Ishbia said 20 percent of purchase mortgages are originated by brokers.

The biggest component in the aggregate portfolio was consumer ABS, which includes student loans, securitized leases and consumer debt other than credit cards, home-equity loans and auto finance...

The dispute around an $8.5 billion settlement between Bank of America and non-agency MBS investors may be at an end after a New York state appeals court signed off on the deal. The agreement would mean a quick end to a lengthy legal battle over a settlement that was first announced on June 28, 2011. It also means the agreement could become the template for all representations-and-warranties settlements with large institutional investors, analysts said. BofA agreed...

Officials from the Federal Housing Finance Agency as well as the government-sponsored enterprises will give an update on the common securitization platform project at an upcoming technology show – but don’t expect a “beta” test, at least not yet. Over the past two weeks, Inside MBS & ABS had been hearing reports that a private “demo” of the CSP was in the works – and might possibly happen at a technology show later this month in Orlando, sponsored by the Mortgage Bankers Association. FHFA principal strategist Michael Aneiro is scheduled...

The catch was that the so-called GSE "patch" would only last as long as Fannie and Freddie remained in conservatorship...

Mortgage lenders repurchased or paid losses on $710.1 million of Fannie Mae and Freddie Mac loans during the fourth quarter of 2014, a 30.8 percent increase from the previous period, according to a new Inside Mortgage Trends analysis of earnings reports. While increased buybacks are never a good thing for lenders, the fourth-quarter total was the second-lowest repurchase amount disclosed by the two government-sponsored enterprises ... [Includes two data charts]

If a borrower went shopping for a mortgage loan in 2014, he or she would have found FHA insurance costlier than private mortgage insurance even with a 20 percent downpayment, according to a new report from WalletHub, a web-based organization that monitors a variety of financial services. FHA mortgage insurance premiums have nearly doubled since 2008, when conventional loans with private MI grew scarce and FHA became the only game in town for ...

For the first time since the GSEs were put in government conservatorship over six years ago, the flow of new mortgages sold to Fannie Mae and Freddie Mac accounted for less than half of primary-market production. [Includes one chart.]

Although the Federal Housing Finance Agency has tripled the targets for GSE risk transfers in 2015, Treasury officials say the program needs to evolve further and offered a number of new strategies to consider.

Ocwen Financial’s goal to eventually unload $140.5 billion of mortgage servicing rights tied to Fannie Mae/Freddie Mac loans is being aided by bifurcation agreements approved by the GSEs and their regulator, according to advisors familiar with the deals.