Results of an annual audit of the FHA’s Mutual Mortgage Insurance Fund turned out better than expected, showing improvements in the fund’s economic net worth and its closely watched capital reserve ratio. [Includes one data chart.]

The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”

Ocwen Financial has not been a model of prosperity...

Another trading firm that hopes to ride the non-QM wave is RAMS Mortgage Capital…

Loans in GSMBS Trust 2018-RPL1 were acquired from a government-sponsored enterprise, though Fitch didn’t identify which GSE.

One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”

Fannie and Freddie and their joint venture, Common Securitization Solutions, will implement the SSI and issue the first UMBS on June 3 of next year…

The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.

As of early November, PrimeLending had 1,336 LOs registered on the Nationwide Multistate Licensing System.

MBA’s Pete Mills noted that IMBs of all sizes from small to large are examined each year…