The MBA said a permanent, paid-for government backstop for agency mortgage-backed securities would be the ideal way to ensure a deep, liquid secondary mortgage market.
If you thought the second quarter was a barn burner for loan production, just wait until you see the results for the third quarter. Across the board, executives are predicting stellar results.
In an effort to more closely align its businesses, Quicken Loans is rebranding its wholesale division as Rocket Pro TPO. The announcement came less than 24 hours before rival United Wholesale unveiled plans to go public.
If the Financial Stability Oversight Council gets its way, GSE capital standards will be tighter than what many in the industry want. Is that a problem? Opinions vary.
Eric Kaplan of the Milken Institute said the best possible explanation for the FHFA director’s remark is he thinks the GSEs may still have some of that profit-at-any-cost mentality that got them into trouble a decade ago.