FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."

Starwood began acquiring non-QM loans last fall using Federal Home Loan Bank advances...

Leon Cooperman has been increasing his stake in Ocwen Financial and now owns about 11 percent of the firm…

Presale reports for non-agency MBS backed by new originations typically identify lenders that account for at least 5.0 percent of the contributions…

“We didn’t observe any meaningful change in purchase loan application trends compared to earlier years,” said Archana Pradhan of CoreLogic.

One of the fastest growing jumbo servicers is Shellpoint Mortgage…

The non-QM MBS also includes loans originated by unaffiliated lenders, including Sterling Bank & Trust…

Citadel, one of the earliest entrants to the new expanded-credit market, funded $295.0 million of loans in the first quarter, a 19.4 percent sequential increase…

At least two foreign-based investment banks are ready to enter the non-QM market...

Ginnie Mae has added a new metric to make it easier for approved issuers to track the prepayment rates of single-family loans underlying they have delivered into mortgage-backed securities. The new prepayment metric would enhance Ginnie’s Issuer Operational Performance Profile (IOPP) tool, which was launched in 2015 to help issuers measure their performance against the agency’s standards. The new tool is the latest move by Ginnie to ensure the integrity and market predictability of Ginnie MBS. The prepayment tool will be available to lenders beginning June 25. The announcement follows an agency administrative action last week against three VA lenders that were penalized for cherry picking and refinancing unseasoned VA loans not to benefit borrowers but to charge them higher fees. The lenders – Freedom Mortgage, SunWest Mortgage Co. and NewDay USA – were among nine issuers that ...