Comptroller of the Currency Joseph Otting: “CRA mortgage lending should be to LMI people.”

As most mortgage bankers know, recessions are generally good for the industry because rates plunge and originations spike. The tricky part is dealing with borrowers who face employment loss…

In addition, the new rules would establish an allowable range for commercial space between 25% and 60%, which would make it less cumbersome for mixed-use communities to obtain FHA approval. 

In its final rule, the FHFA appears to have relented, finally paving the way for VantageScore to compete directly with FICO.

Credit Suisse is entering the non-QM MBS market, sourcing loans from a lender that previously contributed to deals from Western Asset Management Company.

Quicken Loans, the nation’s largest direct lender, told IMT the firm currently has 1,300 job openings “with positions available in many areas, including mortgage banking and technology.”

PennyMac Financial Services, the nation's seventh largest residential servicer, had much better results on its hedges…

UWM CEO Mat Ishbia: “I’m not a person that believes the expiration of the patch is going to be a major industry event.”

Two questions – one about language preference and another about homeownership education and housing counseling – will be removed from the GSE application.

First Republic Bank is the top contributor to the MBS, with a 27.1% deal share. Other lenders with mortgages in the MBS include Banc of California, loanDepot and Nationwide Bank. The loans have seasoned for an average of 18.7 months.