The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.

Some $1.12 billion of ECMs originated by Flagstar were included in non-agency MBS during 2Q21. The lender is slated for sale to NYCB.

Homebridge ranks 35th among all home lenders, according to Inside Mortgage Finance...

Back in April, Citi hired J.R. Russell, head of consumer direct lending, away from Wells where he served in a similar role.

On the origination side of the ledger, issues with loan applications decreased 7.0% to 1,613...

Fannie’s net worth position increased to $37.5 billion, up 47.4% from a year ago.

The California-based nonbank saw its gain-on-sale margin slip to 228 basis points compared to 298 bps in 1Q21 and a whopping 539 bps in the year-ago quarter...

As has been the case for the past few months, the IP deals were largely stocked with loans that were eligible for sale to Fannie and Freddie...

Loans in the reverse MBS were originated between 2019 and this year, according to a presale report from DBRS.

The 10 bps is passed onto the borrower in the form of a higher note rate. Trade group officials argue that wealthy homeowners generally do not use GSE loans, so they're exempt from the fee.