Prospect Mortgage is the top contributor to the deal with an 11.2 percent share of the collateral.

The deal marked a shift for EverBank – the bank typically retains its jumbo ARM originations in portfolio.

According to figures recently compiled by RealtyTrac, 26,947 single family homes were flipped nationwide in the third quarter.

Although Bank of America has been dumping MSRs aggressively over the past two years, its subprime servicing portfolio has declined at a gradual pace.

Regarding Nationstar’s financial condition, Fitch previously referenced the financial condition of Fortress Investment Group, which owns 74 percent of the nonbank lender/servicer.

Still, the new index from the Urban Institute is not perfect...

A GSE bill? Since Congress and President Obama have such a strong track record of working together on legislation we know how that’s going to turn out…

Fitch warned that about 25 percent of the collateral received C or D grades for material violations or lack of documentation.

The top contributor to the new jumbo MBS from FirstKey is CMG Financial with a 13.8 percent share. Cornerstone, Bank of Internet and Impac also provided product.

Republicans have never been big fans of the GSEs and there’s plenty of Democrats who aren’t so sure about the government “guaranty” as well...