Ginnie Mae is seeking public comment about the impact of potential changes to its loan-pooling guidelines.

PennyMac founder and Executive Chairman Stan Kurland: "While the correspondent market remains competitive, margins appear to be stabilizing as they were essentially unchanged from the prior quarter at 29 basis points..."

To date, Fannie has upstreamed $179.0 billion in quarterly dividends to Uncle Sam versus assistance draws of $118.9 billion, giving it an account surplus of $59.2 billion...

At March 31, Flagstar's home equity loan portfolio totaled $796 million, up 19% from a year ago...

The non-agency market, which is dwarfed in size by agencies, saw $3.0 billion in securities change hands on a daily basis in March, the strongest reading since June of 2018.

Nonbanks have increased their GSE portfolios by $95 billion over the past year...

The case is notable because it involves the purchase and sale of mortgage loan participations between private investment vehicles.

One of the stipulations of the sale is that the buyer of the package cannot attempt to refinance the loans for at least 24 months – an indication the seller could be a wholesaler.

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 

The Ocwen filing notes that Messina was paid $240,000 per month in order to preserve his availability...