Bank call-report data show a huge drop in mortgage banking income from the first to the second quarter, but several top banks reported big gains. (Includes data chart.)

When an industry thrives, its chief trade organization usually thrives as well. But not in FY20, when COVID-19 and accounting entries from the year before nicked MBA’s bottom line.

Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...

It was thought that higher capital requirements proposed on Ginnie Mae issuers would ding valuations of the MSR asset. But so far, that hasn’t happened. Credit: strong demand and declining forbearance ratios.

Most of the gain came from three top institutions and in one specific category: ABS backed by consumer loans...

The FTC has some questions for SFR giant Invitation Homes. Details? None...

While analysts continue to track potential losses from property damage due to Hurricane Ida this week, servicers of mortgages for the GSEs have been instructed to proactively offer forbearance to hurricane victims.

The agency will allow the GSEs to boost LIHTC investment by $350 million each and expand the sale of REO properties to owner-occupants and nonprofits.

Hedge funds and REITs are buying up the nation’s manufactured home communities, often with support from Fannie and Freddie. But most resident-owned communities can't meet the GSEs' LTV requirements.

A new advisory bulletin describes when assets should be categorized as “substandard,” “doubtful,” or “loss.”