Use of artificial intelligence seems to be concentrated at nonbanks…

On a year-to-date basis, the volume of private MI loans delivered into GSE MBS was up 9.8 percent from the first nine months of 2017…

Habib told IMFnews that if yield on the benchmark breaks 3.25 percent it could quickly shoot up to 3.63 percent…

Artificial intelligence and machine learning technology are currently being used by 26 percent of lenders surveyed by Fannie Mae. The government-sponsored enterprise also found that the share of lenders using such technology could hit 60 percent within two years.

Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security.

The SVP/national production manager slot is a new position at Flagstar…

Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…

Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…

Analyst Henry Coffey: “It is worth noting, given expected home price appreciation, that a flat mortgage market should translate into a 4 percent or greater decline in actual mortgage unit count.”

A handful of lenders offer one-month bank statement programs…