Researchers at the think tank said changes need to be made to bring loss mitigation at the Department of Veterans Affairs in line with FHA servicing protocols.

The Department of Veterans Affairs recently backed its 29 millionth mortgage, with VA lending up following a post-pandemic slump.

FHA updates EDI layout; HUD changes Section 184 residency requirements; FHA and VA application shares rise.

PennyMac, the largest correspondent lender in the industry, will begin offering non-qualified mortgages later this month. The move could be a major boost for the sector.

The impairment rate on securitized non-qualified mortgages dropped on a monthly basis in July. However, the rate was still up from a year ago.

The lawsuit alleges that PML engaged in a fraud scheme over four years that allowed it to sell loans multiple times.

American Pride Bank’s wholesale unit this week launched a non-qualified mortgage portfolio product suite.

Figure announces planned pricing for IPO; NYMT to rebrand as Adamas; Radian increases size of warehouse line.

The sharp decline in GSE Supers issuance was the result of the Federal Reserve wrapping up the conversion of its Fannie/Freddie MBS into aggregated form in the first quarter. (Includes two data tables.)

Issuers of MBS backed by non-qualified mortgages are starting to include floating-rate tranches, a feature more commonly seen in jumbo MBS and certain other asset classes.