Not all lenders are cutting staff...

PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.

The strong economy looks like a mixed blessing for mortgage lenders.

Many smaller lenders can’t access the Ginnie platform because its eligibility standards require issuers to have “huge volumes,” Ginnie President Alanna McCargo noted.

There's disagreement between mortgage lenders and PACE lenders on the need for ATR standards.

The CFPB plans to issue a proposed rule expanding requirements for data brokers in 2024.

FHA securitization volume declined 5.2%, while issuance tied to VA loans inched up by 1.2% from June to July.

A jury found that the Federal Housing Finance Agency violated its duty as conservator of the GSEs when it agreed to the net worth sweep in 2012.

The DOJ alleged that UBS misled investors in 40 non-agency MBS, violating the Financial Institutions Reform, Recovery and Enforcement Act.

While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.