Bargain prices in the re-performing mortgage market may be a thing of the past.

Redwood, which had 140 active sellers at the end of June, plans to start testing its high-balance loan program with the FHLB system in the fourth quarter of this year.

Redwood Trust said monetary policy moves by the Fed have left banks saturated with record levels of excess reserves and lower costs of funds.

Senator Investor Group now owns a 6.28 percent stake in Radian, a top ranked mortgage insurer.

SIFMA noted that in recent years both the FHFA and Congress have increased the GSEs’ guarantee fees in an effort to reduce their market share and make non-agency MBS issuance more competitive.

Redwood looks to build on the success it had including non-QMs in a jumbo MBS.

Essent has another quarterly profit while National MI took a loss.

The DOJ took issue with Fifth Third for asking potential borrowers with disability income to obtain a letter from their doctor to document the income.

Ellie Mae will pay $30.0 million for AllRegs.

PennyMac Financial Services on Wednesday reported net income of $51.4 million for the second quarter of 2014, prompted by strong originations and servicing.