John Robbins is out at Bexil American Mortgage. Meanwhile, EverBank readies its second jumbo MBS deal of the year.

Non-agency MBS execution is competitive with agency MBS execution for purchase mortgages with loan-to-value ratios below 70 percent and credit scores above 740.

Nonbank servicers had an average of 275 loans per employee in the second half of 2012, according to Fitch, about the same level seen since 2010.

The $443 million non-agency MBS, Chase’s second of the year, is set to receive AAA ratings with credit enhancement ranging from 6.90 percent to 10 percent for the top tranches.

Thomas Popik, research director for Campbell Surveys, said first-time buyer demand appears to be leveling off due to changes at the FHA.

Reps. Shelley Moore Capito, R-WV and Sean Duffy, R-WI, respectively chairman and vice chairman of the subcommittee, had not viewed the CFPB’s analysis on QM.

Might the controversial "qualified mortgage" rule be repealed? Maybe, if House Republicans have their way.

Ocwen had $155 billion of subprime servicing contracts at the end of the first quarter, more than double its next closest competitor.

Feedback from residential servicers indicates that the number of new loan modifications on mortgages in non-agency MBS this year will be near levels seen last year.

Guaranty fees need to be raised by roughly 10 basis points in order for the pricing between agency and non-agency deals to be comparable, according to a new report.