The settlement noted that the subprime MBS from ResCap included mortgages with looser underwriting standards than the underwriting guidelines that were disclosed to MBS investors.

The HFPC noted that most of the potential mortgages would have gone to borrowers with credit scores below 660, and to a lesser extent, to borrowers with credit scores between 660 and 700.

The MBA is considering its options to appeal the FTC's decision regarding the trade group's request for a mortgage-servicing exemption under the Telephone Consumer Protection Act.

Eight of the top 10 jumbo lenders had declines in jumbo originations on a quarterly basis in the third quarter.

There were 159,523 active users of Ellie Mae's Encompass loan origination system in the third quarter, up 18.0 percent from a year ago.

Mortgage originations account for a large portion of the $2.50 billion increase to the $30.00 billion “community development plan.”

American International Group's plan to acquire residential mortgages is part of AIG’s effort to “rebalance” its exposure to mortgages after the sale of mortgage insurer United Guaranty to Arch Capital Group.

The Structured Finance Industry Group released the fourth edition “Green Paper” this week as part of an effort to revive issuance of non-agency mortgage-backed securities.

Freddie Mac is set to issue a $459.92 million Whole Loan Securities transaction, according to a presale report from Moody’s Investors Service.

An affiliate of Bayview Asset Management is preparing to issue a unique non-agency mortgage-backed security, according to a presale report by DBRS. The firm plans to package close to 5,000 “daily simple interest” mortgages originated about 10 years ago into a $241.2 million issuance.