In California, the average Fannie and Freddie loan was $307,302, in line with the state’s 2015 average of $310,185.

The letter is meant to counteract correspondence sent earlier in the week to Watt from 10 trade organizations and community groups that want the GSEs to build capital...

Although purchase-mortgage lending is expected to pick up considerably in the second and third quarters, the refi market isn’t dead yet.

While uncertainty persists regarding TRID, KBRA said it only slightly increased its loss expectations on Redwood’s planned jumbo MBS.

The former Wells LO added: “I was bullied into entering the consent order because the CFPB left me no other reasonable choice.”

The FDIC said that acting as a receiver of the failed banks it “may professionals and entities whose conduct resulted in losses to those institutions…”

Fannie Mae said the result is that potential buyers may be wrongly disqualifying themselves before they even apply for a mortgage…

At the KBW show, MI firms also dismissed the notion of consolidation in the sector, calling it unlikely.

A strong spring home-buying season and continued low rates are feeding optimism among selected lenders, fueling hopes that healthy production in May will lead to an even better June, according to interviews conducted by Inside Mortgage Finance. “May was bigger than April by 10 to 15 percent at both Skyline and New Leaf,” said Bill Dallas, CEO of Skyline Lending, Calabasas, CA. (New Leaf is the wholesale affiliate.) Not too long ago, Dallas wasn’t feeling all that optimistic about 2016. But that was then. “The year started out...

Warehouse commitment levels remained flat at $50.0 billion in the first quarter as a tepid origination market early in the year reduced the need for new lines, according to exclusive survey figures compiled by Inside Mortgage Finance. But with the first quarter firmly in the rearview mirror, warehouse executives are reporting a robust spring/early summer with new customers coming on board and nonbanks tapping more of the lines already committed to them. “We’ve had...[Includes one data table]