A new reality is settling into the mortgage industry, one driven by higher rates and lower profit margins. Fasten your seat belts.

Of the lenders analyzed by hedge advisory firm MCT, 25% will be directly impacted by the $1.5 billion cap on the amount of loans Freddie and Fannie can purchase from each seller over any four-quarter period.

Several trade groups are urging the FHA to adopt identical compliance aid language used in other federal agency regulations when allowing private flood coverage as an option for single-family insured loans.

The co-inventor of the MBS says Fannie and Freddie should be regulated as utilities to improve their affordable housing and racial equity activities. He recommends Treasury use its equity to fund joint venture.

A change in plans for Caliber’s MSR sales? Looks that way but bidders will get another shot. Meanwhile, servicing values are firming up.

Mortgage lenders, especially nonbanks, aren’t making loans to minority homebuyers in one of New York’s largest cities.

Caliber, as a technical matter, still plans on selling shares to the public. But the company also is in the market with a huge flow deal. Confused?

When rates rise, all sorts of things can happen, like IPO-bound firms opting for a sale instead.

Some non-QM lenders weathered market volatility in March 2020 without halting production while others took a few months off. Now, two of the top players in the sector are ready to increase production.

The surge in new business at Fannie Mae and Freddie Mac wasn’t accompanied by a comparable increase in profits for the two.