The legislation is aimed at ensuring homeowners do not lose time getting the modification approved when the loan is sold or transferred...

Redwood suggested changing the flat 5% risk-retention requirement on MBS with non-QMs to a standard based on the asset-level of loans in a deal.

A decline in interest rates typically helps increase mortgage originations, but this time is different, according to Fitch.

In addition, the new rules would establish an allowable range for commercial space between 25% and 60%, which would make it less cumbersome for mixed-use communities to obtain FHA approval. 

The $569.11 million MBS will be the third deal of the year from Verus with a dollar volume greater than $500 million.

Among the top 10 FHA direct lenders, not one was a bank. Quicken ranked first overall...

Fannie/Freddie "noncore" loans include conforming jumbos, mortgages with debt-to-income ratios greater than 43%, investor loans/second properties and cash-out refinances...

More than 80% of the loans were in MBS issued in 2016 and 2017 that have since been “collapsed,” according to a report from Fitch Ratings.  

The securitization of retail-property mortgages plummeted 25.7% from 1Q to 2Q, IM&A found...

Large nonbanks the likes of UWM, Quicken and loanDepot are hiring but overall, the mortgage employment figures for June were not particularly strong...