Minority borrowers applying for an FHA or VA first-lien purchase mortgage were more likely to be denied than comparable white borrowers, according to an Inside FHA/VA Lending analysis of 2017 Home Mortgage Disclosure Act data. This finding was no surprise because the denial rates reflected the same historical trends for white and minority borrowers over the years. Approximately 727,865 FHA/VA loans went to white borrowers last year. Of the 978,981 government-insured loan applications submitted by white borrowers, 9.07 percent were denied. Of the 231,108 black borrowers who applied for a government-backed home loan, lenders rejected 14.57 percent. Out of the 285,707 FHA/VA loan applications submitted by Hispanics, lenders denied 11.42 percent. Asian borrowers submitted the least number of FHA/VA loan applications, 44,739. Lenders denied 11.36 percent. For FHA, the ... [Chart]

Residential mortgage lending was down in the first quarter of 2018 in every category, according to a new analysis and ranking by Inside Mortgage Finance. [Includes two data charts.]

UHM has roughly 130 retail branches across 36 licensed states…

Residential firms looking to sell mortgage servicing rights are in a sweet spot right now. However...

According to a tally by Inside Mortgage Finance, few warehouse providers bucked the trend of falling commitments.

Packaging the loans into a non-agency MBS suggests that Flagstar expects better execution in the non-agency market than from delivering the mortgages to Fannie Mae or Freddie Mac.

KBR points out that risk-sharing results in premiums being shifted away from Fannie and Freddie to providers of credit risk protection.

The updated agenda is the CFPB’s first under Mulvaney’s leadership.

Barry Habib, who heads MBS Highway, believe that within two years, the U.S. will be in a recession...

Moody’s detailed profitability levels for four large private nonbanks: Freedom Mortgage, Provident Funding Associates, Quicken Loans and Stearns Lending.