At press time, the yield on the benchmark 10-year Treasury was at 2.67 percent, the lowest reading in almost 12 months…

The rule creates two types of cash-out refinances…

MBA CEO Bob Broeksmit: “We have made our concerns known to Treasury and request that IRS employees performing this vital work be deemed essential so loan closings can continue without further interruption.”

The NAR called FEMA’s about-face a “critical win.”

Fannie and Freddie tossed out the idea of creating their own internal models as impractical...

First Republic Bank, the top IO lender in the group, originated $1.68 billion of product…

Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...."

FEMA said it is working determine what options exist to enable the National Flood Insurance Program to allow the sale and renewal of flood insurance policies to continue during the government shutdown.

The sample letter from the Office of Personnel Management notes that because of the shutdown, the federal worker’s income has been severely cut and they are unable to pay the entire cost of their mortgage...

The seven initial participants in the platform include United Wholesale Mortgage, the nation’s largest table-funder…