Also likely to pass: a bill that would exempt from property appraisal requirements a mortgage of $250,000 or less if it appears on the loan creditor’s balance sheet for at least three years…

PIMCO also has been buying non-agency mortgages, holding the paper in one of the funds it manages.

Some $28.61 billion of non-government-insured higher-priced mortgages were originated in 2016, up 28.9 percent from the previous year…

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.

Mortgages aggregated by Shelter Growth account for 43.5 percent of the collateral.

Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...

The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.

KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…

Angel Oak Mortgage Solutions, Atlanta, said it has underwriting standards that avoid risk-layering…

Maybe a REIT is the way to go in nonprime...