Fund managers have a significant preference for Freddie paper over Fannie instruments…

In the new SEC filing, PHH notes: “Merrill Lynch originations will contribute approximately $45 million of pre-tax earnings for fiscal year 2016 based on the company’s estimate of Merrill Lynch loan closing volume for 2016.”

According to a mid-year ranking by Inside FHA/VA Lending, PRMI ranks 15th nationwide among all FHA lenders.

Interestingly, new originations increased slightly more than the 31.2 percent increase in new applications filed during the year.

PHH also wants certain information kept confidential...

In the first six months of 2016, Fannie and Freddie securitized $64.52 billion of single-family mortgages with DTI ratios exceeding 43 percent.

In the mortgage M&A space, there continues to be a disconnect between buyers and sellers…

Retail loans had lower debt-to-income ratios as well…

Angel Oak said more warehouse banks are growing comfortable with non-QM collateral…

“We hope that you will help us to push back on current efforts to gift the proprietary infrastructure of Fannie Mae and Freddie Mac to the big banks,” the clergymen write.