Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.

Ginnie Mae Acting President Sam Valverde said loan-level securitization could help liquidity.

Fairway Independent Mortgage denied the allegations and said it determined the settlement was “the most appropriate solution.”

US Bank posted the biggest increase in production among the large banks that have reported third-quarter earnings thus far.

Applications for refis declined by 26% last week.

Ginnie issuers securitized $15.61 billion of refis through the Department of Veterans Affairs home loan program in the third quarter, a 68.5% increase from the prior period.

BofA’s mortgage originations are more heavily weighted toward jumbos compared with other large banks.

Treasury wants the banks to double their contributions to affordable housing programs and to use their excess retained earnings to support more housing development.

Maxex said the new guidelines should reduce the number of sales stymied by loan conditions and establish faster turn times for sales.

PNC's margin on mortgage production declined from 1.96% in the second quarter of 2024 to 1.45% in the third quarter.