The nation’s top three megabanks – Wells Fargo & Co., Bank of America, and JPMorgan Chase – saw their second lien production volumes swoon in the first quarter, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

Fannie Mae and Freddie Mac have taken a big chunk of the Jumbo mortgage market away from private investors since 2008 when Congress raised the maximum GSE loan limit to $729,750, according to researchers at the Federal Housing Finance Agency.

Ginnie Mae issuers sold $25.6 billion of MBS into the secondary market during May, down almost 4% from the previous month, according to new figures released by the Ginnie Mae.

Walter Investment Management Corp., Tampa, has reached another milestone in its efforts to raise capital to fund its purchase of Green Tree Credit Solutions, by closing on the private placement securitization of $102 million in notes backed by residential mortgages, building and installment sales contracts, promissory notes, related mortgages and other security agreements.

National Credit Union Administration (NCUA) filed suits this morning against JPMorgan Chase and RBS Securities claiming fraud in the sale of billions of dollars in private-label MBS the two investment firms sold to the five failed corporate credit unions.

Greece moved closer to obtaining some much needed additional aid last Friday when Germany and France agreed that private sector participation in the Greek bailout should be voluntary or not automatically including the private sector.

Mexican housing authority the Sociedad Hipotecaria Federal (SHF) announced a plan June 2 to discontinue the origination of inflation-indexed mortgages, or UDI loans, in 2011.

Home price appreciation (HPA) is expected to hit bottom in 2Q11, according to the National Association of Realtors (NAR) Affordability Index, Bank of America Merrill Lynch analysts reported.

Ultimately, Ocwen Financial Corp.'s pending purchase of Litton Loan Servicing is likely to benefit the investors in the $45 billion of mortgages that Litton manages and some of the homeowners. That's because Ocwen has a record of moving faster than Litton to resolve troubled loans, either through modification or foreclosure.

Volkswagen is looking to sell its ABS in China by the end of 2012, according to a Bloomberg report.

Nearly three years since the financial crisis began, lawmakers appear consumed again with a very precrisis topic: Is overregulation driving financial institutions overseas?

Radian Asset Assurance announced the successful acquisition of Municipal and Infrastructure Assurance Corp. (MIAC) on Thursday, following the approval of its regulator, the New York Insurance Department.