Embrace Home Loans hired a former official from Deephaven Mortgage to serve as director of mortgage product innovation. Deephaven has focused its correspondent production on non-qualified mortgages while Embrace is looking to expand its retail products. Parkes Dibble, the new hire, was previously a vice president of capital markets product development at Deephaven. Embrace said Dibble will lead efforts to strengthen the “depth and breadth” of ... [Includes two briefs]

The volume of FHA and VA loans securitized in Ginnie Mae pools in 2017 declined from the previous year, according to an analysis of agency data. FHA loans delivered into Ginnie mortgage-backed securities last year totaled $250.5 billion, down 8.7 percent from 2016. Purchase loans comprised 69.6 percent of Ginnie MBS issuances backed by FHA loans over the 12- month period, while refinances accounted for 24.8 percent. FHA borrowers had an average FICO score of 675.3, suggesting a more traditional borrower base of first-time homebuyers and borrowers with credit issues. The FHA loans that were securitized had an average loan-to-value ratio of 92.8 percent and a debt-to-income ratio of 41.3 percent. California led all states in FHA mortgage securitization, with $39.0 billion for all of last year. FHA originations, however, dropped 16.6 percent year-over-year. The other top states in terms of ... [ charts ]

Citigroup is investing in a multi-state plan to expand a nonprofit community development financial institution’s ability to provide better access to mortgage credit to low- to moderate-income, minority, rural and other underserved first-time homebuyers.

An estimated $437.84 billion of home loans greater than the $424,100 benchmark agency limit were originated in 2017…

Parkes Dibble was previously vice president of capital markets...

The bill would make it easier for loan officers to continue working if they leave a bank to go to a nonbank or leave a state-licensed shop in one state to go to a new state.

Chase Home Lending this week announced plans to increase its affordable lending efforts by 25 percent over the course of the next five years. This translates to a $50 billion affordable lending commitment between now and 2023 using homebuyer grants and other incentives.

Whatever happened to the “niceness” pledge that Carson wanted everyone there to take? Certainly, if there’s a need for niceness at HUD, it might be now…

In a new SEC filing, Nationstar reveals plans to introduce new products aimed at debt consolidation…

GSE shareholder rights group Investor Unite was quick to pounce on the Pollock blog...