It's official: Rocket (Quicken) is now a public company, well at least part of it is...

A big problem: For one non-QM MBS, dv01 identified 233 loans that are actively modified while the trustee reported only 41 and the master servicer reported 74.

The deal received preliminary AAA ratings from Moody’s Investors Service and S&P Global Ratings, with credit enhancement of 13.75% on the senior tranche.

Complaints regarding mortgage applications increased 25.7% in the second quarter...

The nation's second largest home lender, Wells Fargo reported a 34.3% decline in residential mortgage banking income...

The 1-for-15 reverse split is scheduled for August 13.

While the refinance market continued to go bonkers, agency securitization of purchase loans showed a bigger relative gain from June.

Fun fact: Among the nation’s top 20 residential servicers in 2Q20, just six were depositories...

An MBS that yields 1.5%? Hard to fathom.

In the announcement extending the policy, FHFA Director Mark Calabria offered a defense of the stiff surcharges, saying, “Lenders have a responsibility to ensure that borrowers can make their monthly payment.”