CHLA and the Mortgage Bankers Association have cited a number of technical reasons why nonbanks should be eligible for the pass-through deduction.

There’s a growing concern about a potential reduction in GSE loan limits…

The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."

For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…

New housing finance structures created to increase private capital would leave borrowers with slightly higher interest rates but greatly reduce federal costs, according to a new report from the Congressional Budget Office. The report examined several structures, ranging from a fully federal guarantee on mortgage-backed securities to a largely private market. On a “fair value” basis, it will cost the federal government $19 billion over the next 10 years to backstop an estimated $12 trillion in Fannie Mae and Freddie Mac mortgage-backed securities. The CBO notes the cost “represents the estimated amount that the government would have to pay private guarantors to bear the credit risk of the new guarantees.”

All of the loans in the deal were originated by Flagstar...

The CFPB said 26 data points are no longer required for those covered lenders...

John Anzalone of Invesco Mortgage: “In particular, there are a few very aggressive large buyers out there that get a lot of attention and have caused quite a bit of spread compression…”

Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...

Increases to interest rates on mortgages are prompting changes in the types of refinances that are being originated. The cash-out share of refi business is increasing and credit quality is declining, according to an analysis by CoreLogic. Frank Nothaft, an executive and chief economist at CoreLogic, projects that the cash-out share of refi business will be near 40.0 percent this year. He said that would be the highest share for cash-out refis since 2005. In 2017, around 25.0 percent of refis ...