Mr. Cooper will remain as a retail and correspondent lender...

The VA market optimism stems partly from the fact that the majority of active military personnel who have been given orders to move haven’t been able to do so because of the pandemic.

The outcome was a boost in broker share to 15.2% of the market, up from 12.6% in the first three months of 2019.

“One thing’s for certain: They’re taking on a lot more risk,” said one mortgage insurance official...

However, the question remains whether the bureau will announce significant changes to the current framework...

Fun fact: Nonbanks have taken over the top-50 ranking, with only 18 depository institutions making the cut in the first quarter...

A FHFA spokesman told Inside Mortgage Finance the pricing approved by the agency is “fair and reasonable. He added: “We have heard these loans would sell for much lower prices (15-20% discounts) in private markets.”

The reaction from some trade group officials was swift. Scott Olson, Executive Director of the Community Home Lenders Association, called the new COVID-19-related guidelines “totally inadequate.”

When the going gets tough, the tough tighten their underwriting standards...

Tighter underwriting standards from wholesalers and aggregator are limiting the production flow...