Secondary markets

To date, Redwood Trust has completed six jumbo securitizations in the post financial crisis era through its Sequoia Residential loan business – with no delinquencies, according to the REIT’s new ‘Redwood Review’ report.

The nation’s largest residential servicers—which just so happen to be megabanks—are marking down their MSRs to near fire sale prices.

In Origination News’ discussion with the officers of the Florida Association of Mortgage Professionals at its annual convention in Tampa, national housing correspondent Lew Sichelman asked how the changes to federal law have impacted the state’s education requirements and how conditions are in the various markets that make up this very diverse state.

United Guaranty Corp. earned $43 million in the second quarter, compared to a profit of $12 million in the same period a year ago as its risk-based pricing strategy bolstered its bottom line.

Freddie Mac has named Charlotte Catalfo, a 28-year veteran of Principal Residential Mortgage, as interim senior vice president in charge of operations for its single-family program.

President Obama disagrees with the Federal Housing Finance Agency's refusal to allow principal reductions on mortgages but can do little to stop it.

One of the biggest compliance and litigation risks for lenders involves the performance of branch managers.

Provident Funding Associates, the nation’s ninth largest residential originator, has told its correspondent sellers that it will no longer accept mortgage insurance from the troubled MGIC Corp.

The Federal Housing Finance Agency has already increased guarantee fees on GSEs loans by 10 basis points this year—as required by Congress—but a new round of g-fee hikes is in the works.

PennyMac Mortgage Investment Trust, which started out in life solely as a nonperforming loan investor, is now cleaning up as a correspondent buyer of newly originated loans.

The Federal Housing Finance Agency’s decision to reject adoption of a principal reduction program had very little impact on the pricing of $53 billion of MBS backed by Home Affordable Refinance Program loans.

In an interview with Credit Union Journal, NCUA board member Michael Fryzel describes the mood and the thinking at NCUA in the months leading up to the conservatorship of WesCorp.

Fannie Mae reported that loan commitments hit $81.7 billion in June, up 13% from the month prior.

Mitsubishi Corp. will start originating CMBS in the U.S. through a joint venture with Five Mile Capital Partners.

According to figures compiled by the Mortgage Bankers Association, refi applications accounted for 81% of all new business for the week ending July 27.

Servicers of securitized commercial mortgage loans beware of the still-elevated delinquency rates.

Impac is looking to offer products in niches which are fragmentedbut offer the chance for wider margins, including reverse loans and 203(k) loans.

Commercial and multifamily mortgage originations in 2Q12 were up 25% on a year-over-year basis, benefiting from the same low interest rate environment that is sustaining residential mortgage lending.

But the HUD auction raises an interesting question: if HUD can unload nonperforming loans (NPLs) why can’t Fannie Mae and Freddie Mac?

A new series of Centex homes is designed “to respond to the increasing demand for affordable homes by “Generation Y,” the largest U.S. demographic, according to executives.