Lenders would be more willing to offer non-qualified mortgages if federal regulators established a “regulatory sandbox,” according to the Mortgage Bankers Association. David Stevens, president and CEO of the MBA, made the suggestion in a letter to the Treasury Department last week. He described the concept as a space where businesses can test innovative products and processes without risk of regulatory consequences from noncompliance. Stevens said a sandbox would be ...

Nonbank wholesale lenders rolled out a variety of non-agency products in recent weeks, including prime jumbo mortgages, non-qualified mortgages and nonprime offerings. Newfi Lending launched Sequoia Porfolio Plus, a program where all underwriting and exceptions are handled in-house. Steve Abreu, Newfi’s CEO, said the new offering combines “the best of jumbo and non-traditional borrowing options.” The program allows for loan amounts of up to $2.0 million, credit scores ...

But Freddie Mac’s 37.2 percent drop was the biggest, by far…

The $81.35 billion in first-quarter Fannie/Freddie refi business was the lowest such total since the third quarter of 2014…

There appears to be a long line of counterparties willing to work with Ginnie…

Fannie Mae and Freddie Mac recorded sharp declines in new business volume during the first quarter of 2018 despite a promising launch into the spring homebuying season.

The next and final RFI from the CFPB will address consumer inquiries…

Lenders cited a lack of inventory of homes for sale as one of the major factors limiting demand for purchase mortgages.

Nonbanks accounted for just over half of the total first-lien mortgage production by the top 100 lenders in the market, according to a new Inside Mortgage Finance analysis and year-end tally.

Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.