NewRez received a "star" rating from Fannie Mae for general servicing, solution delivery and timeline management.

Agency-eligible production accounted for 87.1% of first-lien originations in the fourth quarter, up from 81.1% a year ago.

Public Citizen Litigation Group applauded the decision that confirms federal agencies can't escape accountability when they fail to comply with their responsibilities to consumers under the Fair Credit Reporting Act.

The nonbank is set to have a $1.1 trillion portfolio as of the end of March.

ARMs accounted for less than 1% of prime non-agency MBS issuance in 2023.

Rep. Maxine Waters, D-CA, reintroduced a package of bills aimed at affordable housing.

Refis accounted for 15.0% of Ginnie issuance in January compared with a 14.7% share the previous month.

The loss largely looks to be tied to losses on derivatives, which amounted to $2.30 billion in the fourth quarter.

The vast majority of FHA originations end up in Ginnie Mae mortgage-backed securities.

“Regional banks would usually balance sheet a lot of [non-QM] borrowers, but they’re contracting due to their risk exposure,” said Samuel Bjelac, the new senior vice president, national sales, third-party originations, at Carrington Mortgage Services.