The average credit score for VA loans rose 1.3 points from the fourth quarter to 716.1 in the first three months of 2020. That’s the highest reading since loan-level MBS became available from Ginnie in 2014.

In addition, Fannie and Freddie have helped reduce face-to-face interactions during the closing process by expanding the use of powers of attorney and remote online notarizations.

Citadel currently is not originating but services a roughly $3.5 billion portfolio.

All of the mortgages in MFA’s planned MBS were originated by Citadel, leading to speculation that the deal was scrapped. However, a spokesperson for MFA said the REIT still plans to issue the security.

loanDepot noted that on purchase transactions and rate/term refis no additional LLPAs will be assessed.

Complaints about debt collection, the second most-criticized category, increased 7.2%...

Mr. Cooper will remain as a retail and correspondent lender...

The VA market optimism stems partly from the fact that the majority of active military personnel who have been given orders to move haven’t been able to do so because of the pandemic.

The outcome was a boost in broker share to 15.2% of the market, up from 12.6% in the first three months of 2019.