Patel also will serve as a member of the lender's executive management team.

Some 30 percent of jumbo application denials were tied to debt-to-income ratios, compared to 15 percent for all loan types.

The change – whose likelihood was first reported by Inside Mortgage Finance last Thursday – affects new loans with a closing/disbursement date of Jan. 27, 2017.

Presently, Japan is the volume leader in Ginnie ownership at roughly $204 billion…

Some $1.57 billion in prime non-agency MBS were issued in the fourth quarter, down 61.3 percent…

AMC acquired Stewart’s residential due diligence and servicing functions, including credit, compliance, origination and servicing quality control reviews.

Why the change of heart? For most of last year, HUD and FHA officials nixed the idea of cutting the premium…

One big positive for lenders: the mortgage industry could see a reduction in new rule-making from HUD and perhaps a reversal of certain regulations promulgated during the Obama administration.

Mortgage insurance stocks aren't have a good day. Blame the FHA MIP cut?

FHA collateral still accounted for over half of Ginnie issuance, but the 2016 total was up a more subdued 8.2 percent from the previous year…