Provident is stocking its MBS with conforming jumbos. Morgan is aggregating product through various lenders.

A slowdown in LO hiring? Don't bet on it...

For the full year, expanded-credit lending was off 28.7% to an estimated $37.3 billion. The reason: Liquidity problems sparked by the pandemic.

But the rule change that has generated the most confusion is one that limits acquisitions of loans secured by investment properties or second homes. One bugaboo: the start date.

Mortgage analysts have the right to ask: Where have all the depositories gone?

The notes acquired by institutional investors carry a maturity of three years.

Impac's production nearly doubled on a sequential basis in the fourth quarter but margins compressed.

As a result, the four board members appointed by Fannie and Freddie are now outnumbered by the five named by the FHFA.

The record $114.44 billion total for Fannie, Freddie and Ginnie represented a 33.7% gain from the third quarter.

The lender's gain-on-sale margin slipped to 176 basis points in the most recent quarter compared to 278 bps in the prior period...