The purchase-mortgage share is growing as refinance business dwindles.

Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.

“MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.

The market has priced in the likelihood of another Fed rate hike...

Half of the 16 public nonbanks posted losses in the first quarter.

Fannie and Freddie believe the surge in repurchase requests simply reflects market trends.

Interest rates go up again, mortgage applications go down again.

Trade groups endorsing the legislation include the American Bankers Association and the Securities Industry and Financial Markets Association.

MBA Chief Economist Mike Fratantoni cautioned that mortgage originations could face ongoing pressure tied to issues with banks.

Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...