Some $157.6 million of interest-only loans were included in prime non-agency MBS issued in the fourth quarter, the highest IO volume since the third quarter of 2015.

The MBA chief stressed that the market is set to shift from mortgage loan officers who can thrive as “gatherers” to a market that requires “hunters.”

Black Knight studied loan-level data on outstanding mortgages to derive at its conclusion…

Antonio Weiss, counselor to the secretary of the Treasury Department, cautioned that any reduction to the corporate tax rate could prompt a draw from Treasury funds by the GSEs.

DB was faulted for failing to disclose second liens on mortgages in MBS and for concealing refreshed credit scores that were worse that the credit scores disclosed to investors.

One mortgage insurance lobbyist, when informed of the possibility, called it “great news” while two lenders we interviewed said it was an awful development…

Moody’s settled the MBS/CDO case without admitting wrongdoing…

Wesley Winter, a senior modeler at Black Knight, said a traditional credit score may not be the best predictor of mortgage default.

According to exclusive survey figures from Inside Mortgage Finance, the wholesale/broker market share increased to 10.2 percent in the third quarter, its highest reading of the year.

CPR&T predicted that the asset value of Ocwen’s mortgage servicing portfolio likely won’t benefit much from the recent spike in interest rates…