The odds of GSE “recap and release” becoming a reality just went down…

We’re just 11 days into the new year and already things are getting interesting in the mortgage industry...

With Michael Bright's departure, GSE "recap and release" just got hurt...

The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...

Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.

Overwhelmingly, industry analysts expect Mark Calabria to shake things up at the Federal Housing Finance Agency – that is, once he’s approved by the full Senate.

Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.

Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.

No disasters have been reported yet, but some lenders are beginning to worry...

One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...