"You can't overload the human brain," said newly minted HUD secretary Ben Carson. And there was more...

Just three depositories ranked among the top 15 issuers for February…

Researchers at the Federal Reserve Bank of New York said there’s still plenty of demand for home equity loans and cash-out refis but…

Redwood officials note that in recent months pricing for jumbo MBS has been stronger than the bid for whole loan sales…

Cowen notes: “…this latest flare up reinforces our view that Treasury is unlikely in 2017 to unilaterally change the profit sweep at Fannie and Freddie…”

Although Freedom is private, a few years back it launched a publicly traded REIT called Cherry Hill Mortgage Investment, which lately has been trading near its 52-week high.

Banc of California’s mortgage division generated $150 million a year in revenue…

Department of Housing and Urban Development Secretary Ben Carson plans to hit the ground running with a nationwide listening tour to learn more about the agency he will lead and the FHA programs he will oversee. This week, Carson, a neurosurgeon, was sworn in as the 17th secretary of the Department of Housing and Urban Development after the U.S. Senate voted 58 to 41 to confirm his nomination. A handful of Democrats, including Sen. Sherrod Brown, OH, ranking minority member on the Senate Banking Committee, joined Republicans in support of Carson in spite of his inexperience in housing policy and in running a federal agency. In a statement following Carson’s committee confirmation Jan. 24, Brown said he would have not picked the nominee to lead HUD because of his lack of experience and controversial public statements. Brown said he decided to give Carson a ...

Ginnie Mae production fell substantially in February from January as the government-insured lending market continued to lose steam in the first quarter of 2017. Ginnie mortgage-backed securities issuance fell 24.0 percent from January as fewer purchase and refinance loans were pooled for securitization, bringing February’s total issuance to just $32.2 billion. Year-over-year Ginnie MBS issuance, on the other hand, increased by 6.2 percent. The government-insured market set an all-time record of $545.0 billion in originations during 2016, a whopping 31.0 percent jump from the previous year. That total eclipsed previous records for originations of FHA, VA and rural housing loans guaranteed by the U.S. Department of Agriculture, according to data compiled by affiliate Inside Mortgage Finance. In addition, government-insured lending accounted for a record ... [ 3 charts ]

Issuance of non-agency MBS backed by new originations continues to be limited…