Mortgages from HomeXpress account for 18% of the pending $363.2 million non-QM MBS from Lone Star Funds.

Correspondent production of conventional-conforming loans fell 17.3% on a quarterly basis, reducing the channel’s share to 36.7%, the lowest reading in the past five years.

To some, the rule's $243 billion minimum leverage capital requirement means the GSEs can’t generate enough profits to attract investors...

Nonbank mortgage giants such as UWM and Quicken are hiring hundreds of mortgage workers during the pandemic. Commercial banks, not so much...

The survey was based on responses from 336 lenders, 81% of which are nonbanks. Firms in the study originated, on average, $728 million of loans in 1Q20.

The lender becomes liable for the indemnification payment if the property goes into foreclosure and results in a claim to the Mutual Mortgage Insurance Fund.

All three agencies recorded declining purchase-mortgage volume...

But the first quarter was just a prelude to the crescendo of refinance activity in April and May. A whopping $323.4 billion of refi loans were securitized by the GSEs and Ginnie during the past two months...

The California-based lender said it has satisfied "all" margin calls and obligations under its warehouse facilities...

The top contributors to the deal include Athas Capital Group with a 33.2% share and Sprout Mortgage at 30.8%...