The deal was six-times oversubscribed, a positive for this young market...

PennyMac sourced 92.7 percent of its government-insured loans from correspondents…

The real story is whether more modest alternative measures will be forthcoming.

ABA stands to be an “influencer” in the debate not just because of the size of its bank membership base, but because depositories rank a close second to the Federal Reserve among the largest investors in agency securities.

Production profits suffered, but servicing and secondary market income increased…

The credit enhancement on the triple-A bonds is a hefty 34.9 percent, according to KBRA.

We also caught wind of a large servicing auction that took place last week. The broker on the transaction had not returned a media inquiry on the deal...

Purchase-mortgage business at Fannie and Freddie was up a solid 15.5 percent from April, hitting $36.78 billion, tops so far in 2017.

The fear is that if the GSE patch were to expire mortgage lending in the industry might be constrained.

Depositories reported $3.56 billion of mortgage-banking income for 1Q17, a 35 percent sequential decline.