Charles Schwab Bank was the biggest investor in consumer ABS with $12.49 billion at the midway point in the year.

It could be years before many lenders get comfortable offering non-QMs with significant default risk due to the litigation risk.

Although Republicans likely have enough votes to force a multi-prong regulatory relief bill through both chambers, the White House remains opposed...

As one jumbo securitization officialtold Inside MBS & ABS: “Gain-on-sale margins have been okay, but no one is buying a new boat.”

Regulatory fears are driving the desire by some owners/CEOs to exit the mortgage business, but we’ve heard that refrain before.

Roughly $24.0 billion of home-equity lines-of-credit and second mortgages were originated during 2Q, up 23.1 percent from the first three months of the year.

Former Fannie executive Tim Rood, now chairman and founder of the Collingwood Group, said "the current posture by the administration is pretty indefensible.”

At mid year 2015, PennyMac was the nation’s 12th largest servicer, according to a ranking from Inside Mortgage Finance.

Besides Fidelity, other institutional investors have slashed their holdings in the company, fearing that its best days are behind it.

Although the bulk market has faced headwinds in recent weeks, the “flow” servicing market has been “robust,” Piercy said.