Correspondent production of FHA/VA loans rose 25.8% from the second quarter, although retail actually recorded a higher increase.

Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…

Since mid-September, four nonprime-related M&As have either been announced or have come to light through market sources: Deephaven Mortgage’s acquisition by Pretium Partners; Redwood Trust’s purchase of CoreVest American Finance and Citadel Servicing’s takeover by HPS Investment Partners. And now the Luxury deal.

It would be a radical change, but the FHFA may allow nonbank mortgage firms to become FHLB members, giving them access to advance window...

Originations are increasing, demand in the secondary market is strong and the interest rate premium on non-QMs is declining, helping to prompt more lending volume.

FHFA Director Mark Calabria: "That might be fine for a normal company, but these are companies that are in conservatorship. They’re essentially in bankruptcy.” 

The number-one-ranked MI firm has a market share of 19.6%. The number-five-ranked shop is at 16.1%. Quite a foot race…

Based on third quarter figures compiled by Inside Mortgage Finance, FHA lending accounts for 10.17% of the overall first-lien origination market.

Calabria stressed the plan is process-based rather than calendar-driven. He also pointed out that the two mortgage giants will have to be adequately capitalized and make appropriate changes to their culture.

The shift in loan type prompted higher credit enhancement: 26.8% on the senior tranche...