Requirement for the program include: three years of mortgage experience, a statement on production goals, anticipated operational structure and a description of the company.

VA wants to make sure that borrowers are not making a hasty decision to refinance, said VA Acting Director Jeffrey London.

Fannie said DU 10.0 also will help borrowers who have multiple financed properties, eliminating certain eligibility overlays…

When it comes to front-end GSE risk sharing deals, just say no?

More bad news on appraisals: the on-time closing share has declined for four consecutive months…

Ginnie expects issuers to actively participate by issuing, servicing or subservicing agency MBS…

Tom Hutchens, SVP of sales and marketing at Angel Oak, said originations of nonprime non-QMs have predominantly been purchase mortgages. However, refinance activity is starting to increase…

Mortgage lenders, start your engines: the Fannie Mae/Freddie Mac loan limit is set to rise...

Originations of interest-only mortgages increased significantly in the second quarter of 2016, particularly at PHH Mortgage, according to a new ranking by Inside Nonconforming Markets. A group of 12 lenders had $12.65 billion in IO originations in the second quarter, up 44.7 percent compared with the previous quarter. A large amount of the increase in volume was driven by PHH, which more than doubled its IO originations in that span. PHH had $6.25 billion ... [Includes one data chart]

Originations of non-qualified mortgages could reach $100.0 billion a year, according to officials at three prominent nonprime lenders. Since QM standards from the Consumer Financial Protection Bureau took effect at the start of 2014, non-QMs such as jumbo mortgages with interest-only terms have predominantly gone to affluent borrowers. However, officials at Angel Oak Mortgage Solutions, Deephaven Mortgage and Citadel Servicing see promise in originations for ...