The legislation is aimed at ensuring homeowners do not lose time getting the modification approved when the loan is sold or transferred...

Redwood suggested changing the flat 5% risk-retention requirement on MBS with non-QMs to a standard based on the asset-level of loans in a deal.

According to a new report from DBRS, more owners of servicing rights are opting to issue debt backed by their MSR portfolios.

Other lenders have gone the ancillary route as well, including Mr. Cooper and Ocwen Financial.

Tappable equity reached an all-time high of $6.3 trillion in the second quarter of this year, according to Black Knight.

But not all was rosy: “With anticipated increases in prepayment activity, we saw hits to servicing profitability resulting from mortgage servicing right markdowns and amortization,” said MBA VP of Research Marina Walsh.

But in the end, will an administrative plan of some type actually be implemented? Just because it’s released that doesn’t mean it’s a mandate

Retail originations typically had stronger credit profiles than correspondent or wholesale-broker production...

The problem with Appendix Q is twofold: It is difficult to comply with due to its technicality and it limits self-employed borrowers’ access to credit…

“In July and August, we’ve seen crazy volumes,” one warehouse manager told Inside Mortgage Finance…