A fair question: If there’s no federal guaranty on conventional MBS will the housing and mortgage markets tank?

Patenaude also served as HUD assistant secretary for community, planning and development during the George W. Bush administration.

First-time issuers and those that didn’t issue in the fourth quarter accounted for 56.1 percent of 1Q17 ABS production.

The Republicans made a big splash earlier this week promoting the Hensarling bill, motivating the Democrats to employ a parliamentary ploy that has not been used in the committee in 20 years.

PHH Corp. releases its first quarter results the second week of May.

In general, 2016 was a banner year for loan production with some publicly traded nonbanks turning in their best results ever – and thus rewarding their top executives handsomely. According to an analysis of available proxy statements by Inside Mortgage Finance, Penny Mac Financial Servicers founder and Executive Chairman Stanford Kurland was the industry’s top earner at $9.12 million in 2016. His firm – the nation’s number-four ranked originator – had a good year: net income of $336 million, a 26.0 percent improvement from the year before. Back in 2015, Kurland took...[Includes one data table]

The range on the flow or co-issuance arrangement is $35 million to $50 million per month.

MUFG Union Bank of California, which relies heavily on jumbos, saw loan production fall on a sequential basis by just 4.4 percent, the best showing among the top 50, Inside Mortgage Finance found.

Other servicing-related issues identified include premature foreclosure filings, mishandling of escrow accounts, incomplete periodic statements and dual tracking.

Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”