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.”

The lower readings might suggest a lack of interest in FHA/VA lending but that’s hardly the case given the continued strong production numbers…

Rocket's "virtual" IPO roadshow is currently underway...

Redwood generated $165 million of net income in the second quarter after posting a $943 million loss in 1Q20...

Meanwhile, the National Association of Realtors called on the agency to suspend the rule, for now...

Mr. Cooper boosted its direct-to-consumer lending and sharply reduced production through the correspondent channel...

Fannie Chief Financial Officer Celeste Brown credited the recently adapted current expected credit loss (CECL) standard for the improved showing because the mortgage giant now looks at lifetime losses whereas before it would have just looked ahead two years.

According to the S-1 initial public offering documents filed with the SEC, Rocket’s total share count (public and private) is roughly 1.9858 billion shares. At $22 a unit (the upper end of the range) that works out to a cool $43.69 billion. In short: Wow.

Angel Oak's Tom Hutchens: “We’ve got our footing under us and we’re excited about the future"...