Home prices increased by 0.8% on a monthly basis in July.

In the second quarter, money-market and mutual funds upped their holdings of MBS by 10.9% to an estimated $814.18 billion.

Late last year, Ginnie seized the mortgage servicing assets of Reverse Mortgage Funding after the company filed for bankruptcy, citing liquidity issues.

“It’s taking us a little longer to get this done, but at the same time, we want to get it right,” Michelle Corridon, deputy director of policy at VA, said of the VA Servicing Purchase program.

Alt-doc products include asset depletion, asset utilization, trust income, bank statements and letters from certified public accountants.

Delinquency rates may be nearing cycle lows...

Ginnie Mae continued to set the pace in the agency single-family servicing market as its outstanding MBS rose 2.1% to $2.270 trillion.

The CFPB plans to propose a rule in 2024 that would lead to the removal of medical bills from credit reports.

There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.

Eric Hagen, an analyst at BTIG, said PennyMac’s offering “could lead to more, although it’s tough to say who could be next.”