The calculus is straightforward: With that much capital tied up in equity, it’s difficult to see how the GSEs could generate adequate returns to attract investors.

The result was that nonbanks at the end of September accounted for 49.1% of the top-50 market, a measurement that includes a substantial volume of subservicing.

No permanent Ginnie president for almost four years? Is that a problem?

Strong origination profits have allowed many smaller shops to hold MSRs until the time is ripe to sell...

On the origination side of the aisle, loan production increased sequentially by 43.9%, one of the strongest showings among the top 10. 

With their COVID-related charges in the rearview mirror, the mortgage insurance sector came roaring back...

Non-QM MBS issuance is helping MFA get out of a hole after market volatility in the spring forced the REIT to take on a loan with costly terms.