The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.

In 1Q21, the San Francisco-based SoFi originated $735.6 million of mortgages, accounting for 28.9% of total loans produced.

No information was available on Roscoe’s residential business. Its home lending portfolio totals just $24 million.

Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...

Mulvaney’s disdain for the agency, which he once called a “sick, sad joke,” is widely known...

But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...

Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.

The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.

The compensation calculus at the GSEs dates back to 2012. FHFA wants to know if it’s time to change that.

A recent report from the Congressional Research Service suggests that it may be difficult to simultaneously raise the capital requirements for the GSEs and shrink their footprint, and still expect them to attract equity investors.