DFA also created the Consumer Financial Protection Bureau, an agency that seems almost universally loathed by the mortgage industry.

But Moody’s acknowledged that mortgage warehouse securitizations can be operationally complex.

UWM is offering “rate incentives” for jumbo borrowers with FICO scores north of 740, and a promise to close the loan in 25 days or less…

The attorneys noted: “The CFPB declined to state what the forms do represent, if anything.”

The average credit score for purchase loans securitized last month was 749.7, the first time that measure has been below 750 in over two years.

“The QM rule needs to stand on its own two feet … The FHFA should not be in charge of setting national mortgage underwriting,” said MBA chief Dave Stevens.

In the first quarter, 11.2 percent of Fannie/Freddie purchase loans had credit scores below 700 and LTV ratios of 81 percent or higher. That was up from 7.4 percent in the fourth quarter…

To significantly reduce credit risk, all mortgages sold to Ginnie 2.0 would require a private credit enhancement attached to the loans…

PennyMac Financial is a top-10 ranked lender and may soon break into the top-10 in servicing as well…

M&T Bank doesn’t even rank among the top 50 FHA-direct lenders in the nation, according to a recent ranking by affiliate publication Inside FHA/VA Lending...