After much speculation, Fannie Mae announced on Wednesday its first ever auction of nonperforming loans to qualified bidders. It includes a pool of approximately 3,200 loans totaling $786 million in unpaid principal balance.

The replenishment rate is calculated by dividing servicing outstanding by annual production volume.

Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.

The wholesale division of Premier Nationwide Lending had its best month of October 2013...

However, the late January 50 basis point reduction in FHA premiums should help.

The no-downpayment product from Navy Federal is called “HomeBuyer’s Choice,” and year-to-date the lender has funded $179 million in such loans…

Consumer complaints to the CFPB fell in most financial service product segments during the first quarter, not only from the previous quarter but also from one year ago, according to the latest analysis of bureau data by Inside the CFPB. Total gripes in the first quarter of 2015 declined 8.2 percent from the fourth quarter of 2014, and slid 17.0 percent compared to the first quarter of 2014. Once again, consumer criticisms about residential mortgages led the decline in both timeframes, dropping 20.3 percent quarter over quarter and plunging 33.5 percent year over year. The fall-off is likely due to the shrinkage in overall mortgage originations as well as the continued recovery in the overall housing and mortgage markets.The [with exclusive data chart] ...

Fannie Mae indicated that this auction will be the kick-off to future sales.

Fannie Mae, Freddie Mac and Ginnie Mae securitized $151.1 billion of refi loans during the first quarter, a 34.8 percent increase from the end of 2014.

The 90+ day delinquency rate on second liens was 0.27 percent at December 31, just about flat compared with the previous quarter.