JPMorgan Chase is ready to issue a $801.6 million MBS backed by non-qualified mortgages. Most of the collateral was originated by United Wholesale Mortgage, the nation’s largest originator…
Mortgage leaders at this year's MBA annual event in Las Vegas said that creating more scale is one solution to turn a profit in a more costly mortgage production environment.
Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.