In recent years, Redwood has favored whole loan sales to jumbo MBS due to pricing considerations, but the company has continued to issue jumbo MBS.

The nation’s three largest residential servicers – Wells Fargo, Chase and Bank of America – all showed sequential increases in late payments...

FB also services roughly $4.02 billion in residential loans…

The deal is secured by a master repurchase agreement, purchased mortgages and related assets.

PennyMac also is pursuing new initiatives to grow seller relationships with credit unions and smaller banks…

However, Ocwen is still prohibited from buying bulk servicing rights until it receives regulatory approval from certain states…

UWM’s Mat Ishbia said competition among wholesale table-funders is a good thing…

Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”

Second-ranked Chase Home Finance serviced $176.60 billion of jumbos at June 30, up 4.1 percent compared to 1Q16…

Impac president Bill Ashmore said that at the end of 2Q, the lender had a $115.0 million pipeline of non-QM originations, about level compared to the pipeline the lender had at the end of the previous quarter.