IMA says the seller wants to establish a working relationship with the buyer to subservice the mortgages.

Fannie/Freddie "noncore" loans include conforming jumbos, mortgages with debt-to-income ratios greater than 43%, investor loans/second properties and cash-out refinances...

More than 80% of the loans were in MBS issued in 2016 and 2017 that have since been “collapsed,” according to a report from Fitch Ratings.  

In a new report to its shareholders, Fairholme Capital Management notes the fund it manages owns a 4% position in the preferred shares of Freddie, “which currently trade at less than half of stated liquidation values, implying potential current yields of over 14% per annum.”

The securitization of retail-property mortgages plummeted 25.7% from 1Q to 2Q, IM&A found...

During the quarter, Redwood issued a $400.84 million prime non-agency MBS and sold approximately $800 million through whole loan executions.

Large nonbanks the likes of UWM, Quicken and loanDepot are hiring but overall, the mortgage employment figures for June were not particularly strong...

In 2016, J.G. Wentworth Co. was delisted from the New York Stock Exchange. At the time, its shares traded for 40 cents apiece compared a 52-week high of $10.41. 

Ginnie Mae is turning off the spigot on refinances of high LTV mortgages guaranteed by the VA...

A political appointee, Eric Blankenstein worked at the CFPB for 18 months as policy associate director of supervision, enforcement and fair lending. He resigned in May of this year and now works at HUD...