It’s the first jumbo MBS from a PennyMac unit since a one-off issuance in 2013.

The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.

Due diligence firms can use the review scope to assess seasoned residential mortgages, assigning positive grades for loans with 36 months of strong performance.

PennyMac Mortgage Investment Trust has been issuing about one prime non-agency MBS per month, stocking the deals with GSE-eligible mortgages for investment properties and second homes. Now the REIT is set to issue jumbo MBS.

Agency securitization of high-balance loans declined by 46.0% in the first quarter. The non-agency jumbo share of first liens was flat compared with the fourth quarter while the agency high-balance share dwindled. (Includes three data tables.)

Industry participants are worried the Trump administration is using a chainsaw, rather than a scalpel, in its deregulation efforts.

The REIT plans to sell the mortgages originated by HomeXpress and retain some mortgage servicing rights.

Hallmark's production is focused on the Midwest and Southeast.

Purchase-mortgage locks declined by 0.7% on a monthly basis.

UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.