The deal received preliminary AAA ratings from Moody’s Investors Service and S&P Global Ratings, with credit enhancement of 13.75% on the senior tranche.

Complaints regarding mortgage applications increased 25.7% in the second quarter...

The nation's second largest home lender, Wells Fargo reported a 34.3% decline in residential mortgage banking income...

The 1-for-15 reverse split is scheduled for August 13.

While the refinance market continued to go bonkers, agency securitization of purchase loans showed a bigger relative gain from June.

Fun fact: Among the nation’s top 20 residential servicers in 2Q20, just six were depositories...

An MBS that yields 1.5%? Hard to fathom.

In the announcement extending the policy, FHFA Director Mark Calabria offered a defense of the stiff surcharges, saying, “Lenders have a responsibility to ensure that borrowers can make their monthly payment.”

The lower readings might suggest a lack of interest in FHA/VA lending but that’s hardly the case given the continued strong production numbers…

Rocket's "virtual" IPO roadshow is currently underway...