Federally insured depositories reported $54.71 billion of closed-end second mortgages on their books, down 3.3%.

The Better.com story continues to percolate...

Fannie Mae discovered the encroachment during an audit...

Also, several shops are aggressively marketing to their servicing customers, pitching cash-out refis.

Freddie's lender bulletin emphasizes the enterprise's aversion to Bitcoin, Ethereum etc...

Figures gathered by the Mortgage Bankers Association suggest that production and secondary marketing income rose on a per-loan basis even though production efficiency was off.

The memo also reveals the board has hired an independent third-party firm to “do a leadership and cultural assessment” of the originator.

A public company, Aurora, meanwhile, filed no notice with the SEC on Garg’s departure.

In 3Q21, Fannie, Freddie and Ginnie securitized $77.94 billion of agency-jumbo loans made to borrowers in high-cost markets, a 3.9% decline from the previous period.

On paper, Better.com is worth more than PennyMac Financial Services, but will investors buy that argument?