In January, the government-sponsored enterprises and Ginnie placed their guarantees on $102.48 billion of new single-family MBS, a modest 6.9 percent decline from December.

The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank.

PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.

Expanded-credit MBS issuance could top $12 billion this year…

Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.

AO managing partner Steven Schwalb sees the non-QM market growing to over $100 billion in the coming years…

As might be expected, the American Enterprise Institute wants to eliminate Fannie Mae and Freddie Mac…

Flagstar Bank and NewDay Financial said they have policies and procedures in place to prevent churning, or serial refinancing…

Is the White House listening to the AEI on GSE reform?

As one servicing broker told Inside Mortgage Finance: “Wow. I didn’t see that coming.”