If stocks tank, look for yet another bond market rally.

The GSEs’ retained portfolios are shrinking, but whole-loan investments held by banks and credit unions are not.

Prestwick is out with a flow package that could yield $360 million to $480 million annually in Fannie Mae product.

There are two sides to the story. A year from now, the agency MBS market could reach the $6.0 trillion mark...

A Realtor based in California noted that selling prices are generally increasing, but at widely disparate rates based on location...

Increases in demand on the FHA single-family program are having collateral implications for the integrity of Ginnie Mae’s MBS programs, including the potential for more fraud, warned the Department of Housing and Urban Development inspector general. Testifying during a recent Senate budget hearing, HUD Inspector General David Montoya said Ginnie issuer defaults historically have been infrequent, involving small to moderate-size issuers. “However, major unanticipated issuer defaults beginning in 2009 have led...

DeMarco, by the way, called on Congress to take a “thoughtful” review of the FHA program and Ginnie Mae’s role in housing finance.

The Department of Housing and Urban Development this week unveiled final loan-level and lender-level certifications aimed at easing lender anxiety over potential enforcement actions due to minor errors, but a statement from the Justice Department could put a damper on the new FHA policy. The updated version of FHA’s loan-level certification clarifies that lenders will be held accountable for mistakes that would have prompted a lender to change its decision to approve a loan, not for minor errors. In addition, HUD opened a 30-day comment period for lender-level certification to address stakeholders’ concerns that proposed changes to loan-level certification could weaken the department’s enforcement authority. Lender liability under the federal False Claims Act has been...

California had one of the highest concentrations of FHA refinance loans, which accounted for 42.3 percent of the state’s total FHA business in 2015.

The MSR sale market continues to pick up steam. Last week, IMA came to market with almost $3.70 billion of bulk mortgage servicing deals...