October was also unusual because the flow of VA loans into Ginnie MBS exceeded the intake of FHA loans. That’s the first month of VA supremacy over FHA since the beginning of 2017 and perhaps in Ginnie’s history.

At Sept. 30, the Charlotte-based nonbank listed cash and “cash equivalents” on its balance sheet of $50.5 million, half the figure published at Dec. 31.

PennyMac Financial Services was the most active seller-issuer in October with $15.73 billion. Quicken Loans was close behind at $14.10 billion…

The GSE regulator said later on he found out that “lender A and lender B” were getting a different set of terms…

So now the big question: Are nonbanks really that risky when compared to depositories? A few decades ago, Congress had to bail out the savings and loan industry to the tune of $150 billion.

Compared to the same month a year ago, both sectors have trimmed workers: mortgage bankers by 5,300, brokers by 3,800.

HomeStreet was faulted for paying mortgage referrals to real estate brokers and homebuilders...

According to a new tally from Inside Mortgage Finance, refis accounted for 47.6% of first-lien originations in 3Q19 compared to 35.9% and 35.2% in the second and first quarters, respectively.

Consultant Brian Chappelle credits FHA for taking action earlier in the year to stop risk layering on borrowers with lower credit scores.

If Fannie and Freddie are in fact released from conservatorship will they quickly rebuild their lobbying shops?