GSE high-LTV mortgage programs gained traction during 3Q with the two securitizing $2.23 billion of insured purchase loans with LTV ratios of 96 or 97 percent...

According to a rate sheet, the minimum loan amount on the rental properties is $250,000 while the minimum number of properties is five...

In 3Q, BofA funded $13.71 billion of first liens, a 14 percent sequential decline. All of it came through the retail channel.

Bank of America said it will discontinue all “space rental agreement programs due to recent regulatory developments.”

Sources have identified Caliber Home Loans and Skyline Lending as possible acquirers of branches.

The trade group quickly found a villain for the ugly reading: the Oct. 3, 2015, effective date of the CFPB’s TRID rule.

As one JPM competitor noted: “It’s no surprise that correspondent led the way for them. They own the correspondent jumbo market.”

Freddie said that demand has kept pace with new supply, calming concerns that growth might start to decelerate.

Meanwhile, it would appear that the revolving door for mortgage CEOs might be taking another spin soon...

Sen. Corker, a Republican from Tennessee, no longer wants to kill Fannie and Freddie outright...