MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…

All of the loans in the new security were originated by Spring EQ, a Philadelphia-based lender co-founded by former New Penn CEO Jerry Schiano...

Among the top 50 nonbank sellers in 2020, six companies have increased their GSE sales more than tenfold: CrossCountry Mortgage, Better.com, Everett Financial, Draper and Kramer, NFM and PRMG.

Through the first three quarters of 2019, Sachem has earned $6.6 million.

This year, mortgage bankers were making too much money and pushed aside the thought of selling. Next year might be a different story...

In addition, the language includes a 365-day requirement, which essentially extends the short-term cash flow analysis.

Mortgages from 51 different originators are included in the deal, led by PrimeLending with a 19.9% share...

Call-report data analyzed by Inside Mortgage Finance show that banks, thrifts and credit unions housed $371.4 billion of HELOCs on their balance sheets, down 3.1% from the second quarter.

The Micro Mortgage allows DTI ratios up to 50% and LTV ratios as high as 105%. Still, the interest rate on the loan has prompted limited demand...

Roughly 33% said profits will remain the same while 48% expect earnings to decrease...