The Wells-Ocwen MSR deal is still waiting for Lawsky's green light. But when that will come is another matter...

Five Oaks plans to buy some of the subordinate tranches of the new jumbo MBS.

Pulte Mortgage will install a “modest price” adjustment on its non-QM loans.

The Ginnie II program now accounts for up about 98 percent of new agency issuance.

Fannie, Freddie and Ginnie All saw most of their business come from borrowers earning less than $150,000 per year.

The Treasury Department will have a key role in developing a $1 billion "test" non-agency security.

In other words, mortgage banking is now supposed to be a “sure thing” where no one – and we do mean no one – takes on risk or fails. Ever.

In its rebuttal, FHA argues that if the delinquent loans had not been worked out, lenders would have been entitled to $5.2 billion of insurance claims – money the MMIF could ill afford.

The megabanks also decreased their use of interest rate reductions on loan modifications...

At the top of the heap was the Federal Reserve, which boosted its agency MBS portfolio by 3.8 percent during the second quarter.