Despite the so-so reading from the government, nonbank mortgage giants the likes of loanDepot and United Wholesale Mortgage continue to hire in large numbers.

Some of the top expanded-credit MBS issuers – including Invictus Capital Partners, Angel Oak Companies, Lone Star Funds and New Residential Investment – issued one security each in the second quarter after bringing two deals each during 1Q19…

It was the heaviest quarterly issuance volume since the July-September cycle in 2017.

In terms of risk layering, some 10.5% of bank loans were in the lowest risk category, with high credit scores and low loan-to-value ratios. Just 8.8% of nonbank loans were in that bucket, according to Inside The GSEs.

If you’re wondering why the deal is taking so long, it’s because COH is a foreign entity and there are certain regulatory hoops to jump through. When originally announced, the sale was valued at $2.7 billion – all cash…

The data analytics firm estimates there are now 8.2 million existing mortgagors who are refi candidates, the largest such cohort since late 2016.

JPMorgan Chase was one of the few major banks that actually sold more loans in early 2019 than it did a year ago…

Is the Detroit-based Quicken really much larger in the wholesale channel than it’s letting on?

Historically, Fannie sellers have repurchased far more loans ($49.64 billion) than have Freddie sellers ($29.94 billion). But most of that disparity occurred before 2014…

Meanwhile, DBRS boosted its share of the rated market to 62.6%, Inside MBS & ABS found…