If you’re opening a new mortgage company it stands to reason that the two least likely places you’d pick for your headquarters are New York City and San Francisco.

According to Morningstar Credit Ratings, the weighted-average loan-to-value ratio for securitized non-QMs is 75.2 percent and the average debt-to-income ratio is 36.6 percent

The GSEs securitized $111.31 billion of purchase loans in the second quarter, a 21.5 percent jump from the first quarter.

Meanwhile, Redwood is working toward issuing a jumbo MBS from its “expanded prime” program…

The Fed governor noted: “The risk that we’ll settle into this current situation for the long run is very great.”

Walter Investment, the parent of Ditech, is considered a turnaround situation...

Fresh off agreeing to buy $20 billion in mortgage servicing rights and production assets from New York Community Bancorp, Freedom Mortgage is in the hunt for more deals. “We’re looking and we’ve had people approach us with opportunities,” company founder and CEO Stanley Middleman told Inside Mortgage Finance. “We’re working on several MSR acquisitions right now.” Middleman declined...

Kittle’s resume includes a stint on MBA’s board of directors. He also served as chairman of the trade group’s political action committee...

“In a normal [commercial] bank acquisition, senior managers usually get a big payday,” said former FHLBank Chicago President Alex Pollock. “But in this case, if you merge [with another FHLB] you could lose your job.”

In California, the average Fannie/Freddie loan was $311,992 in 1Q17 compared to $307,302 in the first quarter of 2016.