The FHFA noted that the GSE NPL auctions are open to any qualified bidder…

The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…

Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…

FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”

It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...

The top three reverse lenders in 2017 were American Advisors Group, Reverse Mortgage Funding and One Reverse Mortgage…

The weighted average credit score is 701 and average LTV is 76.8 percent...

Nearly all of the loans are 30-year fixed-rate mortgages and have seasoned for an average of 2.1 months.

Fitch had a good year too, rating $17.51 billion of non-agency MBS…

Legislation that would protect veterans from predatory lending that was passed by the Senate recently could have lasting impacts on the VA home-loan guaranty program, according to legal experts. S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, passed on March 14 by a vote of 67-31. Sixteen Democrats and one Independent joined all 50 Republicans in passing the bill. Primarily, the bill would loosen stringent rules in the 2010 Dodd-Frank Act designed to prevent the bad business practices that led to the 2008 financial crisis. A stand-alone bipartisan bill introduced by Sens. Thom Tillis, R-NC, and Elizabeth Warren, D-MA, in January was added to S. 2155 shortly before the Senate vote. The Tillis-Warren bill, Protecting Veterans from Predatory Lending Act of 2018, addresses the issue of serial refinancing, or loan churning, in which the victims are veterans. Churning refers to the ...