Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter.

The $100 million securitization consists of bridge loans for both owner-occupied and business-purpose properties.

A California version of the CFPB? The Golden State boasts the largest mortgage market in the nation...

Roughly $5 billion worth of expanded-credit loans were stranded, looking for a home but investors wouldn’t bite unless the originator/seller was willing to take a major haircut on the sale. And many did.

Fannie and Freddie warn that g-fees could spike...

With nonbanks continuing to steal market share away from depositories, warehouse commitments have been going through the roof. Of course, ultra low mortgage rates help...

But there’s something else to think about here. Let’s say Democrat Joe Biden (DE) wins the White House in November. After being sworn into office, will he act swiftly to dismantle this very controversial loan-level private adjustment?...

Mining for gold in the hills of the mortgage vendor community? Hey, isn't that Bill Foley?

Other sectors of the jumbo market saw more measured gains...

FHFA said it originally approved the purchase of forborne loans to improve liquidity in the market. On Wednesday, agency Director Mark Calabria reiterated that assertion: “Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic.”