The Collins attorneys weren’t willing to discuss their legal strategy, but indicated to Inside Mortgage Finance that they’re “moving forward on all fronts.”
Although 30-day delinquencies were up, Fannie, Freddie and Ginnie all saw significant declines in the number of loans two- and three-payments past due. (Includes data chart.)
Priority Financial Network is steamed about the Ginnie application process and is searching for answers. Meanwhile, it could fund $2 billion in loans this year, including conventional, government and non-QMs.