Expanded-credit mortgages, which include non-QMs, accounted for only 0.9% of total first lien mortgage originations in the second quarter of 2021.

One given: Profit margins (gain-on-sale) are still coming under pressure compared to the first quarter as well as last year. But as most everyone readily acknowledges, 2020 was a profit aberration...

Data from agency MBS issued in the second quarter suggest that first-time buyers accounted for just over half of the purchase loans sold to Fannie Mae, Freddie Mac and Ginnie Mae during that period.

Fannie’s findings are based on intelligence from 211 senior executives at 192 shops. Roughly 50 of those lenders are considered "larger," which means they funded $2.25 billion or more in the last full calendar year...

What happened? Servicing advisors sharpened their pencils, studied the proposal and concluded it won’t be so bad after all.

With the CDC no longer able to offer eviction protection to those delinquent renters, speculation now turns to whether the federal agencies in charge of housing policy, including the Federal Housing Finance Agency, will institute a moratorium of their own.

However, year-to-date mortgage banking income was up 46.0% from the first six months of 2020.

At Caliber, Thorn served as chief loan administration officer and was responsible for all production and servicing tied to the nonbank’s four channels. During her career, she also has worked for megabanks Bank of America and JPMorgan Chase.

The dataset was developed in 2009 by the American Securitization Forum, which is now defunct.

More specifically, FHFA recommends the enterprises focus on reducing racial disparities in acceptance rates generated by their automated underwriting systems...