New Residential will assume some of Ditech’s office space and roughly 1,100 workers will be offered employment at the REIT.

Mortgages eligible for sale to the GSEs accounted for about 25% of the dollar volume of loans in prime non-agency MBS from Redwood earlier this year while the new deal includes a 10% share of GSE-eligible loans.

Fannie Mae and Freddie Mac a political issue in the 2020 election? Not by a long shot...

First Republic, JPMorgan Chase and CitiMortgage led the IO pack during the second quarter. Interest-only originations tend to be concentrated in the jumbo space...

Over the past 60 days, some “big name sellers” having been testing the waters of the MSR market, said one advisor…

Ditech, in the coming days, expects to close on its previously announced asset sale to New Residential Investment Corp. The REIT is scheduled to purchase most of the nonbank’s servicing portfolio and what’s left of its origination platform.

Toorak is a leading issuer of fix-and-flip securitizations. The firm has aggregated more than $3.0 billion worth of product since 2016.

Although origination volumes appear to be strong these days, some mortgage executives are already worrying about what might happen next year...

Keefe, Bruyette & Woods: "We continue to believe that GSE recapitalization is unlikely to be completed within the current presidential term.”

The FHFA announcement comes as financial institutions and regulators struggle to identify a suitable replacement index for LIBOR.