Packaging the loans into a non-agency MBS suggests that Flagstar expects better execution in the non-agency market than from delivering the mortgages to Fannie Mae or Freddie Mac.

KBR points out that risk-sharing results in premiums being shifted away from Fannie and Freddie to providers of credit risk protection.

The updated agenda is the CFPB’s first under Mulvaney’s leadership.

Barry Habib, who heads MBS Highway, believe that within two years, the U.S. will be in a recession...

Moody’s detailed profitability levels for four large private nonbanks: Freedom Mortgage, Provident Funding Associates, Quicken Loans and Stearns Lending.

Originators also sold $483.13 billion of loans to unaffiliated buyers outside of the agency market…

In the first quarter, 12.61 percent of purchase loans sold to the GSEs fell into the highest risk category…

Fannie Mae's Renee Schultz said the decision to offer property inspection waivers is probably the longest running pilot the GSE has ever had…

Lenders estimated that ATR/QM added $139 per loan to their ongoing origination costs.

Total U.S. debt outstanding is just over $21 trillion. Prior to the financial crisis, U.S. mortgage debt was actually larger than Treasury debt...