Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”

The nonbank locked $2.3 billion of purchase mortgages in March, up 52.0 percent from the prior month.

Mulvaney – a former GOP Congressman from South Carolina and a Tea Party acolyte – declared: “The Bureau’s new strategic priorities are to recognize free markets and consumer choice and to take a prudent, consistent, and humble approach to enforcing the law.”

The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.

According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...

So far, Bill Dallas has shunned all media requests for comment.

The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…

Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating the problem.

Chase was the top-ranked ARM producer in 2017…

In a nut shell, Wells argues it’s not running a charity (but of course) and that executive compensation is “designed to pay for performance and encourage long-term shareholder value.”