Noncore products are loans in which the non-agency market competes with the GSEs.

It’s not clear what secondary market execution UWM will employ nor whether UWM will use lender-paid MI.

VA issued a temporary variance to allow borrowers to pay buyer-broker charges so they could compete in the real estate market.

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.