Net income at Mr. Cooper was aided in a major way by a $285 million recovery tied to deferred tax assets. Meanwhile, on the origination front, the company funded $12.6 billion in product during 4Q19, up 5.8% from 3Q19.

Non-agency jumbos accounted for 17.4% of originations in 2019, up slightly from a 17.2% share the year prior...

Some players in the market hoped that once the QM patch expired a significant amount of originations would shift from the GSEs to the non-agency market. But those hopes are fading...

For the full year, production soared by 42.7% to $216.8 billion, also a record. The driver: Strong refinance volume driven by low interest rates.

The FHFA in September increased the cap on Fannie’s and Freddie’s multifamily lending to $100 billion each through the end of 2020, with at least 37.5% of their business earmarked for affordable housing.

As one servicing broker put it: “It’s brutal. No other way to say it…”

The IPO market remains closed to 'A' paper nonbanks, but that's not the case when it comes to non-QM originators...

Wade is no stranger to the Department of Housing and Urban Development...

Moody's believes that relying on less than 12 months of a borrower's bank statements increases the risk a non-QM loan may not meet the CFPB's standards...

A top Justice Department official said the memorandum of understanding gives depository institutions the confidence they need to participate in the FHA program…