Jumbo mortgages accounted for 14.7% of total first-lien originations in 2023, the lowest share for the sector since 2010.

According to an analysis by Inside MBS & ABS, $1.88 billion of VA rate/term refinance loans were included in Ginnie MBS issued in February 2024, compared with $298.5 million in January.

A decrease in competition from banks is helping Velocity Financial with business purpose loans.

President Biden proposed a tax credit of $400 a month to put toward a mortgage.

Federal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.

Must of the increase in bank ABS holdings seen during the fourth quarter of 2023 was due to a portfolio securitization at BMO Harris Bank.

As long as it has at least 12 months of data, a single asset verification report will now be sufficient to validate a borrower's income, employment, assets, and positive rent payment and cash flow history.

New York Community Bancorp has its third CEO in less than two weeks.

The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.

Production of expanded-credit mortgages declined 16.9% last year, while total first-lien originations dropped 40.6%.