The Federal Housing Finance Authority announced on May 7 that it is easing loan limits on certain types of multifamily mortgages to exclude them from imposed $30 billion financing caps set on the GSEs earlier in the year. While the $30 billion cap on new multifamily lending won’t change, the FHFA is revising the excluded category to “facilitate continued liquidity in the multifamily finance market which has increased substantially since the initial cap was set.” With continuing growth in the multifamily market, analysts said there is a growing concern that the GSEs may hit the cap by the third quarter. Industry insiders also said that one of the goals is to ease the concern of both a possible tightening....

It’s not clear whether thousands of other – much smaller – mortgage servicers grew enough to offset the decline in the top tier.

PennyMac Financial Services also originated $8.9 billion of home mortgages in 1Q, an 11.3 percent increase compared to the previous quarter.

Two Harbors is developing a network of lenders that will sell MSR assets to the company on a flow basis.

Like Freddie Mac, Fannie cautioned that future earnings will be lower because of the company’s mandate to shrink.

The legislation would provide a temporary transitional license and give loan originators 120 days to pass testing standards...

Most firms report the earnings/loss figure in the first or second paragraph of their press release, but not Stonegate Mortgage.

Now that brokers are gaining traction, the big question becomes: how much more market share can they gobble up?

Fun fact: First Republic was the only bank among the top five contributors to jumbo MBS issued in the first quarter.

Nearly every firm tracked in the Inside Mortgage Finance Large Servicer Delinquency Index reported improvements in mortgage performance during the first quarter...