Appraisal professional Mike Ford: “We’re not permitted to consider the race of the residents, their sexual orientation, their age or their gender.”

No purchase price was revealed. It marks at least the second known correspondent sale of the spring/summer season...

After a long slowdown tied to the pandemic, the Angel Oak family of companies is ramping up its originations of non-QMs...

Roughly 14.1% of borrowers who applied for an FHA-insured purchase loan were turned down last year, compared to 12.4% in 2019.

The renewed emphasis on the correspondent channel was widespread, with nearly every lender in the group increasing originations on a sequential basis.

EnerBank — a subsidiary of CMS Energy — has funded $11.6 billion in home improvement projects since 2002 and currently boasts loan balances of $2.8 billion.

The collateral was originated by Flagstar and has seasoned for roughly two months.

A slowdown in refinance activity was responsible for the May swoon.

In the first quarter of 2021, expanded-credit mortgages accounted for 0.7% of total first-lien production compared to 2.2% for all of 2019.

The origination slowdown is finally here, but for now it's not so bad...