Some potential investors in new non-agency MBS insist that a deal agent or transaction manager is necessary to revive the non-agency MBS market. Some issuers are willing to include a deal agent in their securities, though the exact functions and pricing issues still need to be worked out. “Many potential buyers of residential MBS have a strong desire for improved transaction governance mechanisms such as the use of independent deal agents,” Moody’s Investors Service said in a report published late last week. The rating service recently held a meeting with investors, issuers and others involved in the non-agency MBS market. Moody’s said...

Wells Fargo reported an 11.7 percent increase in its conventional-conforming originations during the first quarter, but the company’s GSE loan sales fell 12.2 percent on a sequential basis – quite a differential.

The lender allegedly focused on profit and growth at the expense of loan quality and knew about the inefficiencies in 39 of its 125 branches, charges it denies.

The Texas portion of the receivables has been measured at 60.5 percent with Colorado a distant second at 13.6 percent.

Let's face it: most banks are just chicken to hold mortgages in portfolio unless they're jumbos...

How would you like to be the servicer of a mortgage made to Barack Obama?

Is it time to worry about the CFPB and TRID compliance exams? Indeed, it is...

The HLTV loans will be sold to Fannie Mae mostly, but Freddie Mac will play a role as well...

The top retail producer in 1Q was Wells Fargo, the top table-funder United Wholesale Mortgage…

Redwood indicated the income from the new jumbo MBS will be lower than income received through whole-loan sales...