“Independent mortgage banks have navigated the most volatile interest rate cycles in a generation without a taxpayer backstop,” according to Pennymac.

The lender originated $1.64 billion of loans in the first quarter, with plans to hit $1.0 billion in monthly volume by May.

Pennymac typically issues its own non-agency MBS.

The heads of FHFA and HUD were planning to make a "major housing announcement" today, though the press conference was postponed.

MBA wants the reporting threshold for HMDA to be increased to reduce burdens on lenders.

Academy Mortgage won an appeal in a case involving attorney's fees associated with a lawsuit filed under the False Claims Act.

Brian Vieaux, president of MISMO, said the dataset aims to make it easier for aspiring homeowners to succeed by creating a standard shared language that can be used between counselors, lenders and the broader mortgage ecosystem.

MetLife's new global head of real estate and agricultural finance comes from Blackstone.

“Demand [for mortgages] remains highly rate-sensitive despite increased [housing] inventory,” according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association.