A loan exchange operated by MAXEX looks to be a new source of jumbo mortgages. The exchange was recently assessed by Fitch Ratings and loans sourced from the exchange have been included in jumbo mortgage-backed securities issued by JPMorgan Chase. MAXEX was founded in 2012 but didn’t launch its LoanExchange platform until June 2016. Mortgages with an unpaid principal balance of more than $500.0 million have traded on the platform, according to Fitch. “JPMorgan Chase is...

The biggest was a $698 million bond from New Residential Mortgage Loan Trust backed by performing and re-performing loans bought out of mostly Alt A legacy deals.

The retail channel accounted for 79.3 percent of the $49.49 billion of jumbo originations reported by a diverse group of top lenders in the first quarter…

The plaintiffs allege the net worth sweep of the GSE profits is the clearest manifestation of the FHFA’s “overarching policy” to operate Fannie and Freddie for the exclusive benefit of the federal government.

At PennyMac, Stan Kurland’s departure is tied to succession planning of a lender/servicer that has produced solid profits the past few years...

JPMorgan Chase ranked first among all non-agency jumbo originators in 1Q17, funding $10.88 billion in product. Wells Fargo was second…

Franklin also expanded guidelines to allow for cash-out refinance transactions on investment properties.

On average, the loans that Fay Servicing boards are more than 700 days past due.

At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans.

With the Opes transaction, Flagstar acquired 39 retail offices on the West Coast, supplementing the 99 retail branches it already had in Michigan and 43 other retail home lending offices across the nation.