Mulvaney – a former GOP Congressman from South Carolina and a Tea Party acolyte – declared: “The Bureau’s new strategic priorities are to recognize free markets and consumer choice and to take a prudent, consistent, and humble approach to enforcing the law.”

The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.

The nonbank locked $2.3 billion of purchase mortgages in March, up 52.0 percent from the prior month.

Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”

Chase was the top-ranked ARM producer in 2017…

In a nut shell, Wells argues it’s not running a charity (but of course) and that executive compensation is “designed to pay for performance and encourage long-term shareholder value.”

The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…

Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating the problem.

The bulk portfolio has ultra-low delinquencies…

So far, Bill Dallas has shunned all media requests for comment.