Rep. Maxine Waters, D-CA, the ranking member of the panel, would not acknowledge that Mulvaney is the head of the agency but asked him questions anyway.

Along with nearly all mortgage indicators, the flow of insured home loans into agency mortgage-backed securities slowed significantly during the first quarter of 2018, but early indicators suggest the FHA market may have been somewhat more resilient. [Includes three data charts.]

With mortgage production coming under pressure in early 2018, some lenders are doing what might seem chancy: paying large signing bonuses to top-producing loan officers.

With GSE reform all but dead, rumors about possible administrative changes abound...

The American Federation of Teachers has threatened to end a mortgage partnership with Wells Fargo unless the bank stops providing support and financial services to the National Rifle Association and gun manufacturers.

Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”

The nonbank locked $2.3 billion of purchase mortgages in March, up 52.0 percent from the prior month.

Mulvaney – a former GOP Congressman from South Carolina and a Tea Party acolyte – declared: “The Bureau’s new strategic priorities are to recognize free markets and consumer choice and to take a prudent, consistent, and humble approach to enforcing the law.”

The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.

According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...