Jumbo mortgages

The downturn in the refinance market led to a decline in total mortgage applications last week, according to the Mortgage Bankers Association.

W.J. Bradley Mortgage Capital will wind down its business, after it stopped funding new mortgage loans on Sunday.

JPMorgan Chase is preparing one of the largest private-label mortgage securitizations since the financial crisis.

The American Bankers Association's mortgage subsidiary, ABA Community Bank Mortgage, has chosen BOK Financial Correspondent Lending to be its newest secondary market investor.

Mortgage applications ticked up slightly last week, as low refinance activity continued to offset gains in new purchase applications, the Mortgage Bankers Association said.

Mortgage credit availability stayed the same in February, based on data analyzed by the Mortgage Bankers Association.

Mortgage applications dropped during the week ending Feb. 26 as refinance activity fell to its lowest level since January, according to the Mortgage Bankers Association.

Redwood Trust is "repositioning" its mortgage business by focusing mainly on jumbo loans, according to its top executives.

The volume of all mortgage loan applications declined 4.3% on a seasonally adjusted basis for the week ending Feb. 19, compared to the previous week, according to the Mortgage Bankers Association.

Mechanics Bank in Walnut Creek, Calif., has entered the residential mortgage market and hired a banker to lead the new loan group.

Mortgage applications rose last week, with refinancings surpassing 64% of all applications, according to the Mortgage Bankers Association.

The cost of capital and regulatory compliance has convinced the top four banks that making home loans to American families is not worth the risk.

The Detroit company is plowing ahead with its growth strategy at a time when some shareholders are agitating over its sagging share price.

Higher refinancing activity helped fuel an increase in overall application activity for the week ending Feb. 5, according to the Mortgage Bankers Association.

Clayton Holdings has been selected by Angel Oak Capital Advisors to be the representation-and-warranty reviewer for a $150.4 million private-label securitization of nonprime loans.

WinWater Home Mortgage's first prime jumbo securitization of the year is backed by a mix of 15-year and 30-year loans, according to DBRS.

A drop in interest rates due to global economic worries fueled an increase in mortgage applications last week, according to the Mortgage Bankers Association.

The first three transactions of U.S. prime jumbo residential mortgage bonds issued since the financial crisis have been called without any loss, Fitch Ratings reported Monday.

BankUnited of Miami Lakes, Fla., has exited the retail mortgage origination channel.

Mortgage applications increased 21.3% on a seasonally adjusted basis for the week ending Jan. 8 compared to a week earlier, according to the Mortgage Bankers Association.