The FHA temporary waiver was issued in November of last year and now has been extended to Aug. 31, 2016.

Compared to two years ago, staffing levels at the CFPB have increased a whopping 55 percent. Of course, Congress has no say over the agency’s budget.

United Wholesale Mortgage is also one of the largest originators of residential loans with lender-paid mortgage insurance.

Sen, Menedez added: “These [programs] were not the drivers of the financial crisis. We’re going to hear the opposite of that in the next session of Congress.”

The new plea from the CHLA comes at a time when depositories are losing origination market share to fast growing nonbanks like Freedom Mortgage, United Wholesale Mortgage and others.

But is DocMagic president and CEO Dominic Iannitti done buying? Stay tuned…

CalCap is about to enter the Phoenix market and is considering other western states as well.

Ocwen Financial, whose stock has been clobbered this year, recently increased the base salary of its chief financial by $50,000...

Freddie’s program, which is called “Home Possible Advantage,” requires a minimum credit score of 660 for purchase loans, and 680 for "no cash-out" refis. This is only for manually underwritten loans.

However, NAR found that the willingness to actually originate non-QMs declined significantly across a number of different product types...