In a time of crisis should Fannie and Freddie be allowed to hold more MBS? Hike the GSE loan limit too?

The maneuvers have raised questions about the CFPB’s ongoing rulemaking, supervision and enforcement activities…

Homebridge Financial’s wholesale division and theLender both announced suspensions to their non-QM lending operations. Others will follow, rest assured...

Consultant Paul Hindman, who heads Grid Financial, said he knows of one lender who recently sent 1,000 workers home “with new equipment.” He did not identify the shop by name.

Freedom Mortgage said it has mobilized its work-from-home protocols and “dramatically reduced our work-from-office personnel.”

CHLA recommends that FHFA only apply the new rules to companies with servicing portfolios exceeding $10 billion.

And therein lies a chief fear for the mortgage industry: as the economic damage caused by the spreading coronavirus piles up, will nonbank Ginnie issuers have enough liquidity to make those payments in the months ahead?

Demand for newly-originated non-QMs has declined, prompting aggregators to re-price products, At least one wholesale lender stopped originations...

Conventional and government originators are feasting on refinancings that should keep them busy the next three months. After that...

One warehouse executive who competes against the bank in question noted: “There’s panic among their customers.”