ARMs accounted for 70% of Chase's non-agency production in July.

PennyMac originated nearly $230.0 million of mortgages in the pending MBS.

William Lansing, CEO of Fair Isaac Corp., said the move would encourage lenders to shop for the most lenient credit score in order to qualify more borrowers for GSE loans.

ARMs accounted for 9.5% of residential mortgages locked in July, according to Optimal Blue.

Although President Trump didn’t specifically mention a merger, that appears to be the implication of the post.

Some $54.47 billion of FHA purchase mortgages were included in Ginnie Mae mortgage-backed securities issued in the second quarter, up 28.9% from the previous quarter.

Anthony Hsieh, the founder of loanDepot who recently returned as CEO of the company, stressed that the nonbank is working on “profitable market share growth fueled by technology innovations.”

The whole-loan sales come even though Acra’s new owner, BlackRock Financial, has deep experience with non-agency securitization.

Stronger originations and servicing income helped drive Guild to a profit in the second quarter after taking a loss in the first quarter.

United Wholesale Mortgage has all of its servicing with one subservicer as the nonbank builds an in-house servicing operation.