Better has an “implied equity value” of $6.9 billion. By comparison, PennyMac, the nation’s second largest originator, has a market capitalization rate of $4.01 billion.

Controller Chryssa Halley to run financial team at the mortgage giant.

The unprecedented increase has FHFA leadership thinking about the relationship between the conforming loan limits and home price appreciation.

The mortgage production cycle is starting to turn, so that means a reduction in headcount. But based on third-quarter results from a handful of public shops, the trimming has been light thus far. (Includes data chart.)

The former president claims he wanted to fire former FHFA Director Mel Watt and let Fannie and Freddie out of conservatorship.

Industry consultant Paul Hindman said the LO’s success was, in part, driven by Guaranteed Rate’s unique business model.

A full Senate vote on Julia Gordon’s nomination as FHA commissioner could slip into 2022, while the Senate Banking Committee could vote on Alanna McCargo’s nomination as Ginnie Mae president this week.

A tougher origination year in 2022? Looks that way, but forecasts can change on a dime when unexpected news alters economic perceptions. Meanwhile, a fist full of nonbank stocks are selling for less than $5 a unit.

The Ginnie Mae issuer market is dominated by nonbanks but at least one issuer/servicer is heading for the hills: Home Point.

Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...