Delinquency rates remain at low levels for multifamily mortgages in Ginnie MBS, though modified loans accounted for 18% the outstanding market. (Includes data chart.)

The move will allow Ginnie issuers to offer loan modifications that carry a lower monthly payment than the current 30-year term. Also, the agency can test the waters for such a product in the secondary market.

Survey respondents said only 13% of sellers would “definitely” be likely to accept an offer from a buyer using an FHA or VA loan, compared to 66% for conventional loans.

Hell hath no fury like a shareholder who's sitting in a pool of red ink. Then again, the mortgage industry has seen these type of lawsuits before...

Wells Fargo and JPMorgan Chase, the largest bank mortgage lenders, reported significant increases in the first quarter. But PlainsCapital Bank and Federal Savings Bank both posted double-digit declines.

As MBA Chief Economist Mike Fratantoni pointed out: new business fell to the lowest level in almost 18 months.

Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.

How many consumers will seek a modification due a COVID hardship remains to be seen. Forbearance readings continue to drop...

The CFPB says most mortgage branches are located in predominantly white neighborhoods...