S&P has been the top non-agency MBS rating agency over the years but DBRS captured the title in 2012 with 55 percent of rated transactions, according to Inside MBS & ABS.

“As expected, we don’t believe any mortgages have been sold out of trusts to the city of Richmond,” said Tom Deutsch, executive director of the American Securitization Forum.

PHH Mortgage may unload billions of dollars in housing receivables, while remaining as the subservicer on the underlying loans.

Equifax has enhanced its “retro income verification service,” known as “Point In Time.”

Mini-correspondent lending is hot, but wholesale may be on the decline. Surprise: RE/MAX files to go public.

Roughly, 60 percent of real estate loans made by credit unions are sold to Fannie Mae and Freddie Mac, compared to only 44 percent for all financial institutions.

Combined with the 15 companies that previously reported earnings, mortgage banking income jumped 10 percent in the second quarter, to $7.51 billion.

Fannie Mae will lower its maximum LTV. Mortgage insurance firms are not happy. Meanwhile, NAMB blames shrinking application volumes on summer vacations.

According to Inside Mortgage Finance, Bank of America has the highest delinquency rate among the nation’s megabanks.

The CFPB is sharing with industry what examiners will look for when assessing the ability-to-repay, qualified mortgage and other key rules.