To date, Fannie has upstreamed $179.0 billion in quarterly dividends to Uncle Sam versus assistance draws of $118.9 billion, giving it an account surplus of $59.2 billion...

At March 31, Flagstar's home equity loan portfolio totaled $796 million, up 19% from a year ago...

The non-agency market, which is dwarfed in size by agencies, saw $3.0 billion in securities change hands on a daily basis in March, the strongest reading since June of 2018.

Nonbanks have increased their GSE portfolios by $95 billion over the past year...

The case is notable because it involves the purchase and sale of mortgage loan participations between private investment vehicles.

One of the stipulations of the sale is that the buyer of the package cannot attempt to refinance the loans for at least 24 months – an indication the seller could be a wholesaler.

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 

The Ocwen filing notes that Messina was paid $240,000 per month in order to preserve his availability...

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.

The Chapter 11 bankruptcy filing also reveals that Fannie Mae is a large subservicing client of Ditech’s, though not its largest. That distinction belongs to New Residential Mortgage, the REIT…