Chopra said industry participants will be offered a “robust way to comply” with fair lending laws and that wrongdoers will be held accountable...

Mortgages in the $272.3 million MBS have seasoned for an average of six months.

Meanwhile, the CFPB issued a report that warns of widespread evictions and foreclosures once “federal, state, and local pandemic protections come to an end, absent additional public and private action.”

Due partly to the pandemic, which had an outsized negative impact on non-agency lending, the jumbo sector saw its share of overall originations drop to just 9.7% in 2020 from 16.7% in 2019.

At year-end, REIT MBS holdings were down 25.2% from the comparable period in 2019. While industry-wide growth was tepid in the fourth quarter, several institutions upped their investments significantly.

Treasury, which administers the capital magnet fund, uses the money to provide competitive grants to community development financial institutions and nonprofit housing organizations.

Refinances accounted for 55.4% of Ginnie volume last month. Purchase-mortgage business was down 2.2% from December...

Claudia Merkle, CEO of National MI, said FHA and MI businesses operate on different points of the risk spectrum and, therefore, a cut in MIP will not result in massive ramifications for the MI industry.

Not only was PennyMac Financial able to up the deal size from $500 million, but its cost to borrow came in at 4.25% per year.

Republican Sen. Toomey said Democrats’ over-aggressive fiscal policies and the Fed’s downward pressure on interest rates threaten to trigger asset bubbles.