PennyMac's CEO: “Clearly, the banks have spoken. They’re not going to be as active in jumbo loans other than for their prime customers.”

The retail channel accounted for 50.8% of total first-lien originations in the third quarter of 2024, down from a 53.3% share in the second quarter.

While layoffs aren’t increasing, new entrants and individuals who lose jobs are having a more difficult time regaining employment.

Cardinal started originating VA loans using 10 T scores in October.

“Companies with stronger franchises and ample levels of capital continue to sacrifice some profitability to increase market share, keeping pressure on weaker competitors,” according to Moody’s Ratings.

UWM's debt offering priced with an interest rate of 6.625%.

If the $400 million unsecured debt offering is successful, might other nonbanks follow in its wake?

Rocket sees conflicts in government policies for appraiser independence.

The pricing incentive is available to mortgage brokers for mortgages with credit scores of 720 and above.

Joshua Rosner, managing director at Graham Fisher, a consulting firm, suggested that calls for an explicit government guarantee for GSE MBS are absurd.