The Loan Store acquired Homepoint Financial’s wholesale lending operations last year.

The Fed's anticipated rate reduction is already baked into mortgage interest rates...

HECM production picked up somewhat after a lackluster first quarter.

Brian Devlin, president and CEO of Arc Home, said investor appetite for non-QMs is the strongest it’s ever been.

MSR values are coming down as interest rates decline.

ARMs accounted for 13.6% of first-lien originations in the second quarter of 2024 compared to 11.7% in the first quarter.

After a lull around Labor Day, non-agency MBS issuance is set to flow with expanded-credit deals, prime non-agency MBS and a HELOC securitization.

“How much impact the program would have depends on how many homebuyers can access it,” said Phil Crescenzo, a vice president at Nation One Mortgage Group.

Defaults on home equity investment contracts can occur if the borrower’s mortgage is foreclosed on or if the borrower fails to maintain payments for taxes and insurance on the home.

The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.