The average daily trading volume in agency MBS fell to $183.7 billion in June, the lowest reading of the year and another sign that all is not well for anyone who makes their living off of actual trading as opposed to being involved in new issuance. “There are a lot of people out there buying on credit and keeping MBS,” said Christopher Whalen, a senior managing director in the Financial Institutions Ratings Group at Kroll Bond Rating Agency. Whalen added...

During the first six months of 2015 UWM funded $6.78 billion. “It was our best six months ever,” CEO Mat Ishbia told IMFnews...

The dollar volume of the jumbo security differs significantly from a $189 million deal suggested by American Mortgage Consultants last week

Although some mortgage originators might brag – or even advertise – that they can close a loan in under 30 days, it’s not likely to happen, at least not in practice. According to interviews conducted by Inside Mortgage Trends over the past two weeks, a variety of factors can derail a closing – including many circumstances that an originator just cannot control. Such circumstances can include insufficient funds on the part of the borrower, scheduling mix-ups ...

While reform of the nation’s housing system and the government-sponsored enterprises languishes on Capitol Hill, three important GSE risk-sharing innovations could revolutionize housing finance independent of Congressional action, according to experts at the Urban Institute’s Housing Finance Policy Center. “Fannie Mae and Freddie Mac have guaranteed at least half of all new mortgage originations for the past eight years. The two GSEs’ critical role ...

When dealing with celebrity clients – TV and film stars in particular – mortgage loan officers rarely interact directly with the star talent over the loan details. Instead, they deal with a celebrity’s business manager or another intermediary, according to Barry Habib, CEO at MBS Highway and a well-known mortgage trainer and motivational speaker. Habib should know – besides being a mortgage professional, he’s also an actor and producer, whose credits include ...

Lenders continue to have a great deal of anxiety about TRID, including enforcement concerns and massive closing delays.

Trading in non-agency MBS, by comparison, is almost non-existent with June's volume coming in at just $2.9 billion.

CFPB chief Richard Cordray promised: "If we see errors, we’ll point out what they are and how they should be corrected. We will not be looking to be punitive toward people.”

Despite shrinking housing receivables, Citigroup marked up the asset value of its MSR contracts to $1.924 billion, a 14 percent improvement from the end of the first quarter.