Rather than ending the net worth sweep outright and agreeing to write off some of its preferred shares, Treasury is essentially simply allowing Fannie Mae and Freddie Mac to continue their practice of retaining earnings.

Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”

The facility allows for originations of jumbo mortgages along with conforming loans.

The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.

Even though there was no official announcement, that policy expired on December 31.

However, details remain a closely guarded secret...

Margin compression could come at an inopportune time for nonbanks seeking to go public...

Corina Gonzalez, a senior vice president at DBRS, believes it will take time for the new standards to prompt changes in the origination equation.

loanDepot’s biggest investor is Parthenon Capital Partners, a private equity firm...

The rock-bottom interest rates had substantially less impact elsewhere in the structured-finance market...