However, for all of 2015, private MI volume in Fannie/Freddie MBS was up 25.2 percent from 2014...

At yearend, JPM held $157.1 billion of what it calls “prime mortgages” (including option ARMs), a stunning 48 percent increase over the past 12 months.

Yet another funder has pulled the plug on traditional retail mortgage lending, but will remain a correspondent buyer...

Despite receiving hundreds of comments against the proposed rule to ban captive insurance companies from membership in the Federal Home Loan Bank system, the Federal Housing Finance Agency forged ahead this week and issued a final rule banning them from the FHLBanks, upsetting many in the mortgage industry. The decision forces FHLBank members that had used their captive insurers to join the system prior to the FHFA’s proposed rule, many of which are ...

A 100 percent rejection rate? That's a problem...

In the past, some lenders have complained about forced buybacks because of loan defects even when a mortgage is current.

Alternative-documentation verification in the current market typically includes a review of bank statements, W2s, pay stubs, assets and more...

The $3.02 billion of Ginnie Mae rights that IMA is selling are presently being subserviced by LoanCare Servicing, Virginia Beach, VA.

Shelly Logemann, a top producer and branch manager for the privately held RPM, told us “TRID was a blip on the radar..."

In other words, the regulation to ban captives from entering the system moved forward despite overwhelming industry opposition…