Retail originations declined more than third-party production in the three major mortgage-product categories during the third quarter of 2018, according to a new analysis by Inside Mortgage Trends. Based on survey data from a broad cross-section of lenders, retail originations fell 8.8 percent from the second to the third quarter. The wholesale-broker sector was down 1.9 percent, while correspondent production posted a 1.9 percent increase. The data ... [Includes two data charts]

Ocwen, which paid $360 million in cash for PHH, also disclosed: “The purchase price we negotiated contemplated PHH could continue to incur losses.”

Carrington Mortgage is working on its first non-QM securitization...

Towd Point Mortgage Trust 2018-SJ1 is the first post-crisis non-agency MBS backed by second liens to receive a credit rating.

Shellpoint Mortgage Servicing had the highest sequential growth rate among jumbo servicers…

OCC examiners noted greater use of asset dissipation underwriting, a practice used to qualify borrowers using a “hypothetical income stream from their asset liquidation rather than debt-to-income ratios.”

Fannie Mae and Freddie Mac continue to sell NPLs but for how long?

KBRA said nonprime issuance in 2019 should benefit from an increase in origination volume and other efficiencies…

Bank investment in ABS backed by commercial and industrial loans grew by 30.6 percent from the midway point in the year.

The correspondent channel has continued to gain market share of jumbo mortgages as production of such loans has shifted to purchase financing, according to a new analysis by Inside Nonconforming Markets. Correspondents accounted for 21.7 percent of third-quarter jumbo mortgages originated by lenders that report data to Inside Mortgage Finance. The sector’s market share has increased for three consecutive quarters. Correspondents accounted... [Includes one data chart]