The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...

Fannie CEO Hugh Frater described the change to DU as “one important step in correcting the housing inequities of the past,” adding that it will create a more inclusive mortgage credit evaluation process.

CHOICEReno eXPress, on the other hand, is targeted toward borrowers who need to finance relatively minor renovations. In designated Duty to Serve high-needs areas, the total cost of the rehab can’t exceed 15% of the appraised home value. Otherwise, the limit is 10% of the home price.

Annaly packaged newer non-QMs, MFA's deal is stocked with loans that have seasoned for about a year and Velocity focused on investment properties/small balance commercial.

The agency noted, “A few servicers were outliers, reporting relatively higher average time to answer and abandonment rates.”

Overall, Wells Fargo continued to post the biggest earnings of the group...

The mostly wholesale originator (71.8% of production) funded $25.5 million in loans during the April-to-June period, down 13.5% sequentially.

Goldman's MBS is stocked with GSE-eligible mortgages on investment properties originated by nonbank mortgage giant Guaranteed Rate...

Black Knight: “While some borrowers will elect to leave forbearance early between now and their final expiration, servicers are still facing significant operational challenges"...

Another record reading for mortgage employment? Looks that way...