Third-party due diligence reviewers are swamped.

The mortgage industry has seen this movie before...

The Prestwick offering has collateral is located in 30 states, with Texas and Arkansas homes leading the pack. Bids are due Sept. 8.

GSE securitization of investment-property mortgages fell by 33% on a sequential basis in the second quarter, while overall single-family GSE activity was down only 5%.

The issuance is the first of the year from Goldman with GSE-eligible mortgages for investment properties.

Even in the midst of increased volume, minority borrowers were more likely to be denied.

The agreement promotes interagency consultation and coordination and a reduction in the duplication of efforts.

Delinquencies have improved in 12 of the last 14 months, but there are one million more borrowers 90+ days late than at the beginning of the pandemic.

Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.

New housing goals expected to improve equity in the GSEs' affordable housing programs.