As MBA Chief Economist Mike Fratantoni pointed out: new business fell to the lowest level in almost 18 months.

Correspondent production of jumbos spiked 53.3% from 4Q20 to 1Q21, fueling a 2.6% increase in total jumbo lending.

The $303 million deal is the third MBS from Angel Oak this year and the largest of the three.

The CFPB says most mortgage branches are located in predominantly white neighborhoods...

Then again, Fannie and Freddie don’t buy everything that’s eligible. In recent months, there has been a burst of non-agency MBS issuance backed by GSE-eligible loans...

When it comes to lending products, the 'Stagecoach" is lightening its load...

For some sellers, the curbs don’t represent much of a bump in the road. For Quicken Loans, the top GSE seller over the 12-month period, investor/second-home loans were roughly 5.5% of its sales to both Fannie and Freddie.

Also, there will be no restrictions on loan size...

The mortgage M&A market is pockmarked with indecisive sellers...

Ball game over for depository residential originators?