Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.

Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.

Back in April, Citi hired J.R. Russell, head of consumer direct lending, away from Wells where he served in a similar role.

On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...

Fannie’s net worth position increased to $37.5 billion, up 47.4% from a year ago.

The California-based nonbank saw its gain-on-sale margin slip to 228 basis points compared to 298 bps in 1Q21 and a whopping 539 bps in the year-ago quarter...

As has been the case for the past few months, the IP deals were largely stocked with loans that were eligible for sale to Fannie and Freddie...

The number of Ginnie loans one-payment past due jumped 17.3% from March to June, pushing the delinquency rate for the category to 2.06%. That compared favorably to a 3.60% 30-day delinquency rate two years ago.

Silvergate Bank is one of the more active warehouse financiers in the non-QM space...

In April, the government had proposed extending the effective date of the final rules by 60 days to allow stakeholders affected by the pandemic more time to review and implement the requirements but public comments did not support an extension, the CFPB said. Most industry commenters said they would be ready to comply by Nov. 30.