Rep. Waters wants CFPB acting director Mulvaney to turn over documents regarding meetings he's had with the industry...

Freddie Mac introduced a new conventional 3 percent downpayment program that is open to a wider range of borrowers with no income restrictions or limitations as to where the borrower lives. The new mortgage product, HomeOne, was created to allow lenders flexibility when it comes to helping borrowers anywhere in the country become homeowners and overcome the common hurdle of a lack of downpayment resources, said Danny Gardner, Freddie’s senior vice president of single-family affordable lending and access to credit. He said HomeOne is great for potential borrowers looking to...

The agency share of securitized multifamily mortgages has been high since 2008…

Interesting fact: Most of these non-QM loans were originated by banks...

In July 2017, the CFPB proposed an amendment to resolve the black hole issue and began taking comments.

Mel Watt has roughly eight more months in office, but already industry lobbyists and GSE watchers are playing “guess who the next FHFA director might be.”

The relatively low homeownership rate seen after 2008 has been pinned on the burden of student-loan debt, among other factors. It turns out that borrowers with student-loan debt actually have higher homeownership rates than other consumers, according to a working paper published recently by the Federal Reserve. The Fed researchers combed through federal student-loan databases and tax returns, including mortgage-related filings. They found that student-loan debt ...

The lack of consideration of renters’ positive monthly payments is constraining the number of potential borrowers eligible for purchase mortgages, according to an analysis by the Urban Institute’s Housing Finance Policy Center. The HFPC found that rental payment history is “highly likely to be predictive” of mortgage performance. However, credit scores used by mortgage lenders largely don’t track renters’ records of on-time payments. The analysis was funded by the National ...

Wells Fargo ranked as the top purchase-mortgage lender in 2017 both in retail originations and production through third-party originators, according to a new Inside Mortgage Trends analysis of survey data. The company relied more heavily on its correspondent platform last year, posting a 16.9 percent increase in purchase-mortgage acquisitions over its 2016 volume. On the retail side, Wells’ purchase-mortgage originations were down ... [Includes one data chart]

Production numbers were down sharply in nearly every category.