Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.

A number of lenders, including Wells Fargo, offer jumbos that allow for downpayments of about 10 percent.

The brunt of the new revenue also looks as though it will be collected from mortgage borrowers.

The new jumbo deal from Shellpoint includes originations from New Penn along with contributions from 30 other lenders.

Is now a time to buy into PHH?

Redwood executives said competition has cut into margins, prompting the reduction in its forecast.

Two Harbors is starting to offer “expanded credit” mortgages via its conduit, including allowing for lower credit scores and higher loan-to-value ratios.

One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”

PIMCO stressed that the “Wells Notice” is neither a formal allegation of wrongdoing nor a finding that any law was violated.

Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...