There are some benefits to selling jumbos into the secondary market rather than holding the loans in portfolio.

The CFPB is aiming to prevent foreclosures tied to older second liens.

CFPB Director Rohit Chopra cited the mortgage industry as an area of concern.

“There’s nothing like being in a room and being able to discuss what are the hiccups, where from a policy standpoint can we do better,” said John Bell, executive director of the VA loan guaranty program.

First Republic Bank's stock price dropped by 50% the day after the bank released earnings for the first quarter.

Loans with MI represented 63.8% of total mortgage-backed securities issued by Fannie, Freddie and Ginnie in the first quarter.

First Republic Bank plans to shift to originating loans for sale into the secondary market.

In 2022, loanDepot lost $610.3 million compared to a profit of $623.1 million the year before.

First Republic is altering its originate-to-hold strategy as deposits shrink.

Industry stakeholders believe the new upfront fee changes are unworkable and penalize more qualified borrowers.