Better has an “implied equity value” of $6.9 billion. By comparison, PennyMac, the nation’s second largest originator, has a market capitalization rate of $4.01 billion.

While IOs are non-QMs, UWM isn’t necessarily going down the credit scale...

Controller Chryssa Halley to run financial team at the mortgage giant.

Mr. Cooper also revealed the sale of its reverse unit should close by Dec. 31...

A&D Mortgage: “With conventional rates on the rise again, now is a perfect time to reconsider non-QMs"...

So, what’s PenFed doing in the warehouse — and correspondent — business?

The biggest move in auto ABS was made by KeyBank, which added $2.82 billion of these assets to its investment portfolio...

An 18.05% year-over-year increase in home prices means Fannie and Freddie will be able to purchase loans as high as $970,080 in 2022.

MBA's Marina Walsh noted, “Per-loan production expenses continued to rise for the fifth consecutive quarter, reaching the second-highest level ever reported.”

Call-report data suggest the industry saw gains on both servicing and loan sales...