Cardinal started originating VA loans using 10 T scores in October.

“Companies with stronger franchises and ample levels of capital continue to sacrifice some profitability to increase market share, keeping pressure on weaker competitors,” according to Moody’s Ratings.

UWM's debt offering priced with an interest rate of 6.625%.

If the $400 million unsecured debt offering is successful, might other nonbanks follow in its wake?

Rocket sees conflicts in government policies for appraiser independence.

The pricing incentive is available to mortgage brokers for mortgages with credit scores of 720 and above.

Joshua Rosner, managing director at Graham Fisher, a consulting firm, suggested that calls for an explicit government guarantee for GSE MBS are absurd.

A bill with bipartisan support to ban trigger leads tied to mortgage applications was removed from a defense spending package.

JPMorgan Chase, the system’s biggest member, reduced its FHLBank advances by 20.3% over the past year.

Some nonbanks are placing exceptionally high bids for MSR, counting on being able to recapture a high number of borrowers with refinances when interest rates decline.