The VA program saw the sharpest spike in refi activity, shooting up 69.7% from the second quarter.

The new MBS differs in some ways from previous expanded-credit issuance from Annaly, including a reduced reliance on mortgages from Banc of California and an increase in investment-property loans.

Sources indicated that Kasper was hoping to be nominated as permanent president; but, in what has become a pattern for the Trump administration, the nomination notice never came.

“We’re trying to be holistic about this,” said FHFA Director Mark Calabria, “which obviously means it takes time.”

Expanded-credit MBS issuance (the sum of nonprime and Alt A) hit $9.90 billion in the third quarter, a 60.8% jump from the previous period.

The lender argued that a financial institution that is subject to a pending enforcement action by an unconstitutionally structured agency is entitled to meaningful relief.

By now, everyone knows the Federal Housing Finance Agency plans to hire an investment banking firm to assist with recap and release plans, but what about the GSEs?

There's a strong demand out there for mortgage processors, but overall, residential-related hiring has been tepid...

On purchase mortgages, African-Americans were denied 17.5% of the time compared to 8.0% for non-Hispanic whites…