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.”

Bright suggested that Ginnie Mae could work with the Federal Home Loan Bank of Chicago on risk-sharing transactions...

FHA and VA single-family originations fell in the fourth quarter of 2017 due to a decline in purchase mortgage originations that was offset somewhat by an increase in refinance business. FHA endorsed $237.3 billion in forward single-family mortgages in 2017 notwithstanding an 11.9 percent drop in the fourth quarter. FHA production also dropped 7.1 percent year-over-year. Market observers attributed the decline in FHA originations to high mortgage insurance premiums, stiffer competition from private lenders’ low-downpayment programs, and a more aggressive conventional-conforming mortgage market. A new analysis by Inside Mortgage Finance also found that government-backed lending and the jumbo market saw the biggest production declines from the prior quarter. In particular, IMF’s research found that FHA, VA and U.S. Department of Agriculture rural-housing originations fell ... [Charts]

An investment banker who looked at the portfolio for one of his clients was at a loss regarding what direction Stearns might be taking…