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PennyMac Sees Correspondent Purchases Decline, Jumbo MBS Coming

April 23, 2013
Brandon Ivey
PennyMac once again posted strong earnings, but the REIT's correspondent purchases are beginning to slow somewhat.
Read More

Prices Climbing for Jumbo Mortgages

April 23, 2013
Paul Muolo
The jumbo market is heating up, which means the price paid for whole loans is on the rise.
Read More

Vericrest the High Bidder on $16 billion of BofA MSRs

April 23, 2013
Paul Muolo
Vericrest Financial is said to be the winning bidder on a $16 billion package of mortgage servicing rights. However, the company would not comment.
Read More

House Banking Chairman Won’t Let CFPB’s Cordray Testify

April 23, 2013
Thomas Ressler
Although Rep. Hensarling rebuffed Cordray, the CFPB chief delivered the agency’s semi-annual report to the Senate Banking Committee Tuesday morning.
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Short Takes: Need Seller/Servicer Approvals? Bring Your Check Book / IMA Selling Ginnie Bulk MSR Deal / Fitch Worries About CMBS / Will the Senate Grill CFPB’s Cordray? / New Hire at WFG National Title

April 22, 2013
Paul Muolo and Thomas Ressler
Obtaining approvals to become a GSE seller/servicer can cost you, but think of the money you can make from owning servicing rights.
Read More

FHA Delinquencies Declined 9 Percent in the First Quarter

April 22, 2013
George Brooks
Perhaps, the FHA Mutual Mortgage Insurance fund won't need a bailout after all: In 1Q delinquencies fell by just over 9 percent, according to exclusive figures compiled by Inside Mortgage Finance publications.
Read More

NAIC Proposes Modeling Changes for Non-Agency MBS

April 22, 2013
Brandon Ivey
Modeling changes that have been proposed by insurance commissioners could increase loss forecasts and prompt sales of non-agency MBS.
Read More

Wells Fargo Only Top 10 Servicer With a Potential MSR Basel Problem?

April 22, 2013
Paul Muolo
The Basel III accords may never happen, but if they do, some large servicers will have to reduce their MSR footprint.
Read More

Navy Federal Continues Stellar Growth in Residential Fundings

April 22, 2013
Paul Muolo
Navy Federal, which is headquartered in one of the hottest housing markets in the nation, saw residential fundings almost double in the first quarter.
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Redwood Coming to Market with Yet Another Jumbo Deal

April 22, 2013
Brandon Ivey
When it comes to jumbo MBS deals, Redwood Trust is on a tear this year.
Read More
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Latest Imf News

  • Fannie Net Income Hit $4 Billion in Second Quarter

  • Two Harbors Turns Profit in Final Quarter as a Public Company

  • Small GSE Servicers Increase Market Share

  • Bill Seeks to End CFPB's Budgetary Independence

More Imf News

Featured Data

  • LTV Ratios on GSE Deliveries Up in Second Quarter

  • Non-Agency MBS Issuance Declines Sharply in Second Quarter

  • Nonbanks Gain More Agency Servicing Share in Second Quarter

  • Ginnie Issuance Soars in 2Q; Purchase Mortgages Strong

More Featured Data

Featured Reports

  • Mortgage Profitability Report 1Q26 (PDF)

  • Top Mortgage Players: 1Q26 (PDF)

  • Agency Seller-Issuer Profile: 1Q26 (PDF)

  • 2026 Mortgage Market Statistical Annual (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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