Moody's believes that relying on less than 12 months of a borrower's bank statements increases the risk a non-QM loan may not meet the CFPB's standards...

A top Justice Department official said the memorandum of understanding gives depository institutions the confidence they need to participate in the FHA program…

But there were some hiccups in the overall trend. For starters, refi loans originated in the retail channel actually had slightly lower average credit scores than correspondent- and broker-originated refinances…

Presale reports for 15 deals totaling $6.07 billion have been published this month, and more transactions are in the works.

Most megabanks are mum on their social media policy as it pertains to residential loan officers…

HPS named Kyle Gunderlock, CSC’s president and chief operating officer, to succeed Perl as CEO.

Still, January production was more than double the volume produced by the two GSEs in the first month of 2019.

Angelo Gordon's GCAT 2020-NQM1 includes non-QMs, investment-property loans exempt from QM standards and mortgages originated by CDFIs, which reduce risk-retention requirements.

BlackRock CEO Larry Fink: “Our strategic investment in PennyMac 12 years ago was part of an effort to help our clients access opportunities in the residential mortgage market…”

Industry consultant Paul Hindman on Mike Weinbach, the new Wells Fargo mortgage chief: “He’s s out to control the messaging. His goal will be to get immediate results.”