Fun fact: Ginnie Mae regularly captures 95% or more of new FHA and VA loan production...

As recently as November, Impac Chairman and CEO George Mangiaracina said returns on loans eligible for sale to the government-sponsored enterprises were better than returns from non-QMs. However, this spring he indicated that market dynamics had changed.

In a research note, Keefe, Bruyette & Woods said that following Gilbert’s stock sale his interest in Rocket Companies will drop to 93% from 94%.

The original order for leniency was put into place because of the global pandemic.

The benefits of a waiver are straightforward. Fannie said it speeds up the loan origination process...

HUD's Fudge: "We continue to monitor mortgage performance trends within our portfolio, particularly related to those homeowners who are struggling financially because of the pandemic.”

The number of complaints in the annual report submitted to Congress is substantially higher than figures reported on the bureau’s public-facing website...

The impairment rate on securitized non-QMs increased by 40 basis points on a monthly basis to 11.1% at the end of February.

HUD has no plans in the near-term to adjust FHA mortgage insurance premiums.

UWM plans to use proceeds from the sale to pay down a $400 million MSR facility.