Drawing to a close, the third quarter of 2017 is turning out to be modestly better than some lenders expected with both profits and production volumes getting a second wind recently thanks to falling interest rates. “We’re having a great quarter,” said Mat Ishbia, president and CEO of United Wholesale Mortgage, Troy, MI. According to Ishbia, not only will UWM post record originations of $8.6 billion in the third quarter, but volume at the privately held nonbank will be about 20.0 percent higher than ever before. According to figures compiled by Inside Mortgage Finance, UWM is...

LoanDepot has announced a key FHA disaster-related mortgage loan product to help families whose homes have been damaged or destroyed by hurricanes Harvey and Irma. Loans made through the FHA 203(h) Mortgage Insurance for Disaster Victims program are designed specifically for hard-hit homeowners in presidentially-declared major disaster areas (PDMDA) and can be used in tandem with a similar FHA product, the 203(k) property rehabilitation loan. Use of the 203(h) product spiked...

Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...

Residential loan sales by banks totaled $151.79 billion in the second quarter, down 7.3 percent from the previous period.

So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...

Overall, there are 500,000 mortgage properties on the island, according to Black Knight…

Freddie Mac: “We are also specifying that an unlicensed or trainee (or similar classification) appraiser may perform a completion report…”

In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…

The new Ginnie Mae buyout authority expires March 31 of next year…

Ginnie Mae took umbrage at the IG’s findings, saying it was aware of the market share shift to nonbanks in 2012 and was already taking action…