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

The Federal Housing Finance Agency recently issued new guidance requiring Fannie Mae, Freddie Mac and Federal Home Loan Banks to have firm policies in place to manage the risks posed by changing interest rates. The regulator cautioned that excessive interest rate risk can threaten liquidity, earnings, capital and solvency.

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

New nonagency deals are pending from loanDepot and New Residential as well…

Angel Oak and Citadel continue to hire while the megabanks are cutting back...

HSBC will pay $765 million to settle charges brought by the Department of Justice...

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

The new interim CEO was an EVP at PNC Financial where he led the real estate division and was a founding partner and managing director of BlackRock...

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.”

With originations expected to fall, lenders of all different stripes are carefully examining their staffing needs…