The stock sale comes at an interesting time for the mortgage industry in general and MIs in particular...

The ultimate goal: to reduce the number of authorized shares, which should result in a sizeable increase in the company’s share price.

As one East Coast-based banker put it: “Before the pandemic exploded, I had eight or nine new customers lined up I wanted to bank. Right now, that’s on hold until this passes.”

“It was a tough three or four weeks in this business,” said Steve Abreu, president of NewFi Lending...

Sterling Bank and Trust increased reserves in case the bank has to buy back non-QMs with faulty underwriting.

Investor appetite for the MBS has been relatively strong. The Angel Oak paper was oversubscribed.

How worried should lenders be about the self-employed and small business owners?

The senators write: “The CFPB and FHFA must also have plans to use their respective tools and authorities to immediately address trends that indicate borrowers are receiving inaccurate information or unequal treatment, or that servicers are not complying with the law.”

After the pandemic changed its worldview, NewFi lowered its LTV on non-QM offerings to 60%...

Conferences, exhibit halls and the sponsorships that go along with them are an important source of revenue for many trade groups...