It's that time of the season: MBS issuance was down 30.6 percent at Fannie and off 17.4 percent at Freddie.

The average loan-to-value ratio of the NPLs is 91 percent, based on the broker price opinion.

The trade group’s profitability calculation is based on average production volume of $614 million per company in the third quarter.

During the worst of the buyback storm in late 2012 and early 2013, the GSEs reported over $18.51 billion of unresolved repurchase requests and as much as $13.22 billion in buybacks during a single quarter.

What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...

However, the note rate was not disclosed. The originator of record is Wells Fargo Multifamily Capital...

The refinance market was soft as well. The agencies securitized $37.48 billion of refinance loans during November, down 12.3 percent from the previous month.

Jumbo mortgages remain the product of choice for bank portfolios, though some lenders are retaining originations of conventional-conforming mortgages.

Edward Pinto, former chief credit officer of Fannie Mae who now studies housing trends for AEI, disputes NAR’s data and describes the first-time buyer market as “booming.”

A non-agency MBS sponsored by CarVal Investors issued this week includes a new fee-based compensation structure for one of the servicers involved in the $474.2 million transaction. Mill City Mortgage Loan Trust 2015-1 is backed by re-performing mortgages that had seasoned for nearly nine years, on average. Some 90.1 percent of the loans had received modifications and almost all of the mortgages in the deal were current at the time of issuance. Shellpoint Mortgage Servicing will service...