CMLA’s Rob Zimmer said what he finds so perplexing about the cap is that “no one saw this coming”…

January agency MBS issuance ranked as the third largest monthly total on the record books. Production was almost exactly double the amount issued in January 2020, before the pandemic led indirectly to a massive refinance wave.

In a red hot hiring market, it appears that some lenders are being scammed by phony resumes...

Total servicing held by depository institutions slipped 2.9% during the fourth quarter, shrinking their share of the top-50 market to 48.7%.

Its gain-on-sale margin came in at 305 basis points in 4Q20 compared to 110 bps in the year ago period. The nonbank also vowed to return “excess cash” to shareholders when possible, a reference to dividend payments.

Figure Acquisition Corp. I is planning to acquire a company involved in financial technology and financial services.

Investment bankers that work in the trenches fear that pent-up selling in the first quarter could lead to a mad rush for the exit...

The sole category that saw an increase on a sequential basis was loan closings, which registered a 2.1% rise.

The deal is sized at $146.2 million while previous MBS from Deephaven averaged closed to $400 million in volume.

BlackRock places a bullish bet on the nation's number-one lender...