Guidance provided by VA in late April regarding the end of VASP lacked details on how to address timely applications that needed corrections after the deadline.

Ellington Financial is making investments in lenders that originate non-QMs.

Removal activity had increased in each of the previous four quarters.

Fed Chair Jerome Powell continued to insist that changes to the federal funds rate will depend on economic trends.

Guild opportunistically increased its market share of originations amid volatility in the first quarter.

The MBS Annaly started marketing in early April went through at a spread that likely wouldn’t have been achievable as recently as three years ago, according to officials at Annaly.

Locks for purchase mortgages were essentially level on a monthly basis in May, according to Mortgage Capital Trading.

Recent comments by the FHFA director suggest the Trump administration has no immediate plans to release Fannie and Freddie from conservatorship. Rather, FHFA will continue to focus on fraud and abuse at the enterprises.

Earnings performance improved compared with the fourth quarter.

UWM is investing in tech rather than looking to acquire mortgage companies.