The goal is to stop a tidal wave of housing-related financial damage that might potentially destroy the social fabric of the nation.

Fannie and Freddie said residential borrowers are expected to contact their servicer to set up forbearance plan.

CHLA recommends that FHFA only apply the new rules to companies with servicing portfolios exceeding $10 billion.

And therein lies a chief fear for the mortgage industry: as the economic damage caused by the spreading coronavirus piles up, will nonbank Ginnie issuers have enough liquidity to make those payments in the months ahead?

Demand for newly-originated non-QMs has declined, prompting aggregators to re-price products, At least one wholesale lender stopped originations...

One warehouse executive who competes against the bank in question noted: “There’s panic among their customers.”

The good news is that several large nonbanks (PennyMac Financial Services comes to mind) hedge their MSR positions. But others do not.

The biggest risk for the purchase-mortgage market: an unemployment rate that could shoot into the stratosphere.

In terms of new HELOC commitments, Bank of America, Wells Fargo and Citizens Bank ranked first, second and third, respectively in 2019...

Investors and issuers alike are suffering from a case of interest rate whiplash.