Fewer borrowers are staying with their previous lender/servicers post mortgage refinancing. Quicken Loans stands out with an exceptionally high retention rate.

One of the key functions of the GSEs is to pool risk nationally for the benefit of underserved borrowers, and any capital framework for the enterprises has to build in this cross-subsidy, according to housing advocates.

The final version of the bill exempts mortgage licensees from the expanded oversight and enforcement authority the state agency will have.

After hearing the industry’s clamor, the FHFA delayed the 50-basis-point fee while also exempting low-balance loans.

When it comes to warehouse lending, conditions have never been better. Credit the pandemic and the Federal Reserve. (Includes data chart.)

Self-employed borrowers are facing tighter underwriting standards on conventional mortgages but not on non-agency loans.

Michael Fein, owner and manager of apartment complexes, has been indicted for using false rent rolls to obtain federally-guaranteed loans.

The new regulatory category would allow non-QMs to obtain QM status as long as they meet certain performance requirements and other standards during the first three years after origination.

Trade groups point out the irony of raising mortgage rates at a time when the Federal Reserve is spending more than $40 billion a month on agency securities in an attempt to lower the cost of buying or refinancing a loan.