One consultant said he’s conducted 14 warehouse reviews on lenders this year with 11 of them turning a profit and three losing money.

The MI executive said there are a number of misconceptions about the program…

One former Fannie Mae executive was critical of the effort, calling it “mission and charter creep.”

But before anyone gets too excited, the Federal Housing Finance Agency approved the Freddie initiative…

Earlier in the month, Rep. Jeb Hensarling, R-TX, said he is open to “other pathways…”

Also, there’s a growing fear that in the absence of Congressional action, a free-market leaning Treasury Department, in tandem with a Trump-appointed FHFA director, might alter the way GSEs operate...

“Los Angeles, San Francisco and Boston continue to be quite supply-constrained,” said First Republic CEO James Herbert.

Here’s a prediction: GSE reform legislation will only pass if, and when, the Democrats take control of the House, Senate and the White House.

The average loan size is $285,547 with the average LTV coming in at 70.0 percent.

PennyMac entered the broker channel in January and took in $7 million worth of product during the first quarter…