The California-based nonbank saw its gain-on-sale margin slip to 228 basis points compared to 298 bps in 1Q21 and a whopping 539 bps in the year-ago quarter...

As has been the case for the past few months, the IP deals were largely stocked with loans that were eligible for sale to Fannie and Freddie...

Loans in the reverse MBS were originated between 2019 and this year, according to a presale report from DBRS.

The 10 bps is passed onto the borrower in the form of a higher note rate. Trade group officials argue that wealthy homeowners generally do not use GSE loans, so they're exempt from the fee.

Silvergate Bank is one of the more active warehouse financiers in the non-QM space...

Multiple lenders tell Inside Mortgage Finance that, in late March, the enterprises began rejecting loans that would have been easily approved in early March.

The origination winners and losers were mostly determined by how much they rely on refinance activity.

It’s highly likely the adverse market refi fee boosted Fannie Mae’s revenues as well, but that GSE won’t release earnings until next Tuesday.

Rob Zimmer, head of external communications for CMLA, described it this way: "It’s a terrible policy idea, given that only the middle class pays it. Wealthy households paying cash for homes or using jumbo mortgages won’t pay a dime."

Margins on the aggregation of jumbos came back down to earth while Redwood's business purpose lending unit flourished...