ARMs accounted for 14.3% of total originations last year, up from a 13.8% share in 2022.

"Using third parties to circumvent this insurance feature creates uncertain financial risks for lenders and for Treasury Department’s ongoing financial support of the GSEs," said Edward DeMarco, president of the Housing Policy Council.

The trade group is seeking guidance on a requirement that lenders consider and verify a borrower’s reasonably expected income or assets at or before consummation of a mortgage.

The Canada Pension Plan Investment Board manages a pension fund with $448.1 billion in holdings.

Some 0.22% of mortgage borrowers were in forbearance as of the end of February.

If Hutchins becomes the "permanent" CEO of Freddie, the change, ironically, would result in a pay cut...

New hope for a "recap and release" for the GSEs?

Banks, thrifts and credit unions ended the year with $3.551 trillion of unsecuritized home loans on their books, a gain of 0.8% from the third quarter.

Guild held off on disclosing the purchase price for Academy Mortgage until filing its annual report.

With rates rising, MBS prices are once again skidding, causing traders to rethink their plans for the immediate future.