Rick Sharga of Carrington: “Refi volumes will continue to contract, and lenders will have to accelerate their shift towards more purchase business in order to maintain volume.”

The MBA wants the FHFA to allow the industry to have a say in all new enterprise pilots, programs and products.

As the outlook for originations – especially refis – continues to worsen, more nonbank mortgage firms may consider selling out to larger competitors later this year, according to interviews conducted by Inside Mortgage Finance.

FHA officials have fretted about rising DTI ratios for some time…

A HUD spokesman told this news organization that “non-U.S. citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”

Noticeably absent from the letter: the FHLBs of Chicago and San Francisco…

Kraninger also avoided making a commitment to defend the CFPB’s constitutionality...

Meanwhile, several large MSR packages are currently out for bid.

Of course, there are some in the industry who will argue Fannie and Freddie are hardly zombie-like at all...

Republican and Democrat leaders of the Senate Banking, Housing and Urban Affairs Committee battled over minority requests for extensive documents about Kathy Kraninger, the Trump administration’s nominee to become the next director of the Consumer Financial Protection Bureau.