In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…

HUD’s addendum to the Uniform Residential Loan Application form is being revised to reflect regulations, ensure accuracy of borrower information, reduce lender uncertainty and maintain FHA’s ability to enforce program requirements.

All of the loans in the MBS were originated by LendSure Mortgage. Ellington owns a 45% stake in the lender and provides a warehouse line of credit to the firm.

Purchase-loan activity increased significantly and continued to account for most agency business.

There was some positive news in the form of originations. Ocwen funded $412.2 million in forward and reverse mortgages in 3Q, declaring that its annualized run rate (based on October production) now totals $2.6 billion.

JPMorgan Chase was the top earner in the third quarter with $886.0 million in mortgage banking fees and related income, a three-fold increase from the previous period. However, the huge gain comes with a significant asterisk…

Freddie CEO David Brickman: “The ability to absorb that risk is largely a function of how much capital you’ve got, and we have very little.”

The marketplace lender and bank are offering HELOCs to borrowers in a handful of states.

The FHFA declined to single out which GSE it was talking about...

In 3Q19, PennyMac Financial Services, the nation’s fifth largest home lender, earned a record $121.9 million.