The market for new nonprime mortgages includes some options for borrowers, allowing for income verification via bank statements for borrowers with moderate credit scores or somewhat stringent underwriting for borrowers with exceptionally low scores. And loans to borrowers with scores around 700 have features that fall between the two offerings. Originations of nonprime mortgages remain suppressed compared with the pre-crisis heyday for subprime loans and Alt A mortgages. However, the market has slowly started to gain traction in recent years thanks to Lone Star Funds. An affiliate of Lone Star is...

PHH Corp. releases its first quarter results the second week of May.

Ocwen’s counsel includes Goodwin Procter LLP, which also is representing PHH Corp. in its legal battle against the agency…

Roughly $12.50 billion of agency mortgages securitized during the first quarter with some form of primary MI were tied to Golden State properties.

It’s still early in the reporting season, but when it comes to home lending, nonbank executives seem more optimistic than their depository peers…

Is the White House pondering HUD-related nominations?

The DOJ, as anticipated, switched sides in this dispute after President Trump took office.

Arch reported primary mortgage insurance in force of $237.8 billion at March 31…

The ICBA believes the GSE risk-sharing securities are illiquid and would likely “dry up” in times of market stress.

Flagstar sold $8.0 billion of residential servicing rights during the first quarter compared to $6.7 billion in the fourth quarter.