In 3Q21, Fannie, Freddie and Ginnie securitized $77.94 billion of agency-jumbo loans made to borrowers in high-cost markets, a 3.9% decline from the previous period.

On paper, Better.com is worth more than PennyMac Financial Services, but will investors buy that argument?

Only two of the top-10 Fannie shareholders have increased their holdings in the past quarter. The rest have cut their exposure...

The bureau found instances of racial, gender-based and religious discrimination. They also found servicers were overcharging consumers in various areas, not evaluating loss mitigation applications properly and not terminating EFTs to closed accounts.

The explosive growth enjoyed by subservicing vendors in past years is beginning to ebb, but the train is moving forward nonetheless. Meanwhile, all eyes are on market leader Cenlar. (Includes data chart.)

Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”

Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.

Three of the top five nonprime servicers posted declines from the second to the third quarter.

In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...

Better.com still hopes to go public via a special purpose acquisition company maneuver...