Excessive risk-based pricing, high private mortgage insurance premiums and lender credit overlays are locking out low-income borrowers and families of color from the conventional mortgage market, pushing them towards FHA as their only option, concludes a new study from the Center for Responsible Lending.

Investors Unite: "We’re in trouble if the secret plan for GSE reform rests on axing the only public official who is actually tuned into reality…”

Freddie Mac had the biggest monthly increase at 22.9 percent…

Freddie CEO Donald Layton told Inside MBS & ABS that implementation of the FHFA directive “has largely been complete.”

Compared to March 2017, the combined nonbank servicing business was up 14.7 percent, while banks in the top 50 saw a 2.4 percent decline from a year ago.

Come June, Fannie Mae will cut a new dividend check to Uncle Sam...

CFPB Acting Director Mick Mulvaney: “I don’t know why we call it the CFPB; that is not the name of the organization..."

Great Ajax’s forte is buying re-performing mortgages…

Ocwen has tried to mend its ways, noting in the new report: “We have now resolved all of the state cease and desist orders (but not all of the legal actions) taken against us….”

Due to temporary standards established by the CFPB, mortgages eligible for sale to the GSEs are treated as qualified mortgages even if they have higher debt-to-income ratios that would otherwise make them non-QMs…