Among the tranches of residential MBS issued this year that received ratings from multiple firms, nearly 40.0 percent of the bonds had so-called split ratings, with different assessments by different rating services.

Guild noted that unlike other low-down payment programs, the 3.0 percent downpayment can be funded by a gift.

The Australian-based Computershare Limited – a behind-the-scenes player worldwide in stock registration and trades – has agreed to purchase LenderLive Network, a mortgage fulfillment and secondary marketing vendor, for an undisclosed sum.

Borrowers cited “best interest rate” as the reason they went with a particular lender in only 2.0 percent of purchase-mortgage transactions and 6.0 percent of refinances.

“After carefully evaluating market conditions and consumer needs, we are reducing to better align with current volumes,” Wells said.

Celebrity Financial, launched earlier this year by industry veteran David Robnett, has closed on its purchase of Midwest Equity Mortgage – its second mortgage deal of the year – but it is far from done as a buyer.

The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels...

The Senate Committee on Banking, Housing, and Urban Affairs Thursday morning approved Kathy Kraninger’s nomination to become the head of the Consumer Financial Protection Bureau in a party-line 13-12 vote. The Senate Majority Leader Mitch McConnell will have to assign floor time to advance the CFPB nomination...

Freddie Mac Tuesday afternoon announced an approximate $1.45 billion Seasoned Loans Structured Transaction of a pool of seasoned reperforming loans, the largest SLST deal of this year...

The Conference of State Bank Supervisors recently announced that all states and U.S. territories now use a single, common exam to assess mortgage loan originators...