Some $11.40 billion of these loans — often used for fix-and-flip lending and bridge financing — were originated in 2020...

Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter...

Under previous Director Kathy Kraninger, the CFPB claimed the impact from these changes would be minimal. According to the bureau, the vast majority of loans that received QM status due to the patch would also meet the new standards.

Don't ever underestimate the power of the nation's housing lobby...

The two government-sponsored enterprises saw a steeper 20.4% drop in purchase-loan volume, while the government-insured market fell 16.9%...

Private-equity firms aren't known for holding their mortgage investments forever...

Pondering JPM's next move in the mortgage business...

Bottom line: These smaller shops will need to make additional capital investments to effectively compete against larger seller/servicers.

At press time, mortgage stocks were mixed (up or down slightly), with the exception of Fannie Mae and Freddie Mac. Both were up about 5%...

Although the smart money is on a late May or early June decision in the GSE case, some observers believe the court could rule earlier than that —  in fact, the decision may be imminent.