It's official: Rocket (Quicken) is now a public company, well at least part of it is...

A big problem: For one non-QM MBS, dv01 identified 233 loans that are actively modified while the trustee reported only 41 and the master servicer reported 74.

Investment bankers point to the obvious: Bid prices are hardly enticing, especially with 30-year fixed-rate loans being offered at 3.0% or less...

The deal received preliminary AAA ratings from Moody’s Investors Service and S&P Global Ratings, with credit enhancement of 13.75% on the senior tranche.

Complaints regarding mortgage applications increased 25.7% in the second quarter...

However, despite the bad news on late payments and set-asides, MGIC wrote new insurance on $28.2 billion of residential product, an impressive sequential gain of 55.5%.

The nation's second largest home lender, Wells Fargo reported a 34.3% decline in residential mortgage banking income...

The 1-for-15 reverse split is scheduled for August 13.

While the refinance market continued to go bonkers, agency securitization of purchase loans showed a bigger relative gain from June.

In a statement, MBA Chief Economist Mike Fratantoni said, “The job market has cooled somewhat over the past few weeks, with layoffs increasing and other indications that the economic rebound may be losing some steam because of the rising COVID-19 cases throughout the country. It is therefore not surprising to see this situation first impact the Ginnie Mae segment of the market.”