In terms of risk layering, some 10.5% of bank loans were in the lowest risk category, with high credit scores and low loan-to-value ratios. Just 8.8% of nonbank loans were in that bucket, according to Inside The GSEs.

Bank employees, under current regulations, are allowed to offer residential mortgages without taking the test or meeting some other basic SAFE Act requirements, such as passing an independent background check and taking 20 hours of SAFE Act pre-licensing courses.

If you’re wondering why the deal is taking so long, it’s because COH is a foreign entity and there are certain regulatory hoops to jump through. When originally announced, the sale was valued at $2.7 billion – all cash…

The data analytics firm estimates there are now 8.2 million existing mortgagors who are refi candidates, the largest such cohort since late 2016.

Is the Detroit-based Quicken really much larger in the wholesale channel than it’s letting on?

As we’ve noted before, Calabria is building a dream team of industry vets and policy experts, whose chief task likely will entail working with the Treasury Department on administrative reform…

FHA's Keith Becker: “The industry and most of our lender partners are leveraging this technology now, and we have to find a way to do that as well so we can stay current with the industry’s direction..."

According to HUD’s policy handbook, a non-permanent resident alien is eligible for FHA financing if the property will be the borrower’s principal residence…

In a new investor update filed with the Securities and Exchange Commission, megaservicer Mr. Cooper (Nationstar Mortgage) says it has a tangible net worth ratio of 13.2%, as measured in accordance with standards set by the Federal Housing Finance Agency...

ARMs accounted for 38.3% of BofA’s total volume in the first quarter. The loans made up 11.5% of Wells’ originations and 20.7% of Chase’s…