Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.

Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons.

PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.

The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank.

Expanded-credit MBS issuance could top $12 billion this year…

Is the White House listening to the AEI on GSE reform?

Flagstar Bank and NewDay Financial said they have policies and procedures in place to prevent churning, or serial refinancing…

AO managing partner Steven Schwalb sees the non-QM market growing to over $100 billion in the coming years…

Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.

As one servicing broker told Inside Mortgage Finance: “Wow. I didn’t see that coming.”