Stonegate’s results were affected by declining interest rates, a plague that has marred the performance of residential servicers from coast to coast...
Freddie Mac reduced its portfolio to $339.9 billion at the end of the quarter, a 2.0 percent drop. Like Fannie, the biggest decline in percentage terms was in non-agency MBS…
Impac Mortgage, one of the better known non-QM lenders, funded $75.0 million in such loans during the first quarter of 2016, up from $50.8 million in the previous quarter.
Investor Unite’s Tim Pagliara said that a stay would prejudice him under Virginia law, where the case is to be “expedited” and could be resolved on the merits…
A surge of new refinance business and a seasonal uptick in purchase-mortgage activity helped lift agency issuance of single-family MBS in April, according to a new Inside MBS & ABS analysis and ranking. Fannie Mae, Freddie Mac and Ginnie Mae produced $108.95 billion of new single-family MBS last month, the strongest monthly output since September 2015. Gross new issuance was up 9.8 percent from March, but on a year-to-date basis, production was still down 3.9 percent from the volume generated in the first four months of 2015. Ginnie saw...[Includes two data tables]