Younger, active-service soldiers are outpacing non-military homebuyers under the age of 35 in home purchase – and they are buying larger, more expensive homes with VA loans, according to a new National Association of Realtors survey. The NAR survey, 2016 Veterans & Active Military Home Buyers and Sellers Profile, found quite a few contrasts between active-service military homebuyers and those who have never served. Of all homebuyers, 18 percent were veterans and 3 percent were in active military service. Of all home sellers, 21 percent were vets and 1 percent were active-military. According to the survey, the typical active-service homebuyer was a lot younger (median age of 34 years old) than non-military buyers (40 years old). The active-military homebuyer was more likely to be married and have several children living in the household. Consequently, they prefer larger single-family homes. Interestingly, the ...

Although Fannie’s year-to-date issuance was off 8.4 percent from a year ago, it was still ahead of Ginnie through the first third of 2016.

Ron D’Vari, CEO of New Oak Capital, said borrower demand for non-QMs is strong, but there are a number of hurdles to issuing MBS with the loans.

PHH said in a new SEC filing: “We will not be pursuing our previously communicated acquisition strategy at this time..."

G-fees – which have been rising in recent years – are ultimately paid by borrowers.

The Association of Mortgage Professionals, which represents mortgage brokers, said it believes the measure will dilute states’ rights to protect consumers.

Two Harbors was the first – and thus far only – firm to issue a jumbo MBS with loans subject to the TRID mortgage disclosure rule.

Earlier this year, management signaled that the nonbank is considering its options...

Is the end near for servicing writedowns? Hedging marks?

When it comes to stock price performance, it’s been an ugly year so far in 2016 for most of the nation’s publicly traded nonbanks, especially if their names happen to be Nationstar Mortgage, Ocwen Financial, PHH Corp. and Walter Investment Management Corp. And you might as well throw Stonegate Mortgage into that club as well. According to figures compiled by Inside Mortgage Finance, these five firms have seen declines in their stock prices – as measured against their highs for the past year – ranging from 52.3 percent (Nationstar) to 82.1 percent (Ocwen). Two other nonbanks whose share prices haven’t suffered as much are...[Includes one data table]