Small, unidentified lenders are accounting for an increasing share of contributions to non-agency jumbo mortgage-backed securities.

Freddie Mac's CFO said the "true value" provided by the government-sponsored enterprises isn't billions of dollars in profits. Meanwhile, firms continue to pursue mortgage servicing rights.

The Federal Reserve expects to take further action on mortgage risk retention rules in September.

At the end of April, the re-default rate on HAMP loan modifications topped 46 percent for restructurings completed in 2009.

Ocwen will have plenty of "high touch" loans to work on when it finally takes control of the OneWest portfolio. Meanwhile, the second lien market is heating up.

The jumbo loans in the new Redwood deal are relatively young. But 72 lenders are feeding mortgages into the security.

Amherst Securities said the risk-share deal was structured in a way that it will likely never take a loss.

The rating services have raised concerns about the representations and warranties on the new JPM jumbo deal as well as geographic concentration risk.

The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.

Jumbo originations increased at First Republic Bank, but its mortgage gain-on-sale margin took a hit.