Under the terms of the deal, BrandMortgage CEO Greg Shumate will become an officer of the bank…

To back up his claims, the FHFA chief cited statistics on loan acquisitions by Fannie and Freddie over the past eight months.

Credit unions, however, continued to grow their holdings of home-equity loans, up 1.9% to $92.5 billion as of the end of the third quarter. New HEL originations edged up 0.7% from the previous period to $9.7 billion.

When it comes to selling additional shares, PennyMac Mortgage Investment Trust is not shy…

In 3Q19 – the first full quarter under the new UMBS regime – the Freddie discount fell to just 1 basis point…

Both the FHA and VA sectors saw declining securitization volume, but the VA took the bigger hit, a 12.1% drop from October.

Directors Mortgage hopes to open new offices in Colorado and New Mexico by the second quarter of 2020.

Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail.

Investors see more value in non-QM whole loans rather than securitized credit products…