Will prepayment speeds on agency product continue to decline? No one knows for certain, but the UMBS 2.5 is waiting in the wings to be the new kid in town.

It's a tough market for mortgage companies to go public, but Better.com is plowing ahead. Its founder is Vishal Garg.

The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...

There’s nothing preventing Better.com from becoming a public company by yearend, at least that’s how the lender sees it. But there are doubters.

Layoffs can be good news for lenders looking for an employment bargain. In particular, non-agency shops are looking to hire.

Julia Gordon, the nominee for FHA commissioner, faced questions over past social media posts from Republicans and housing policy from Democrats at a hearing before the Senate Banking Committee.

CHOICEReno eXPress, on the other hand, is targeted toward borrowers who need to finance relatively minor renovations. In designated Duty to Serve high-needs areas, the total cost of the rehab can’t exceed 15% of the appraised home value. Otherwise, the limit is 10% of the home price.

The agency noted, “A few servicers were outliers, reporting relatively higher average time to answer and abandonment rates.”

Overall, Wells Fargo continued to post the biggest earnings of the group...

The mostly wholesale originator (71.8% of production) funded $25.5 million in loans during the April-to-June period, down 13.5% sequentially.