Wade takes the helm of the government’s mortgage insurer at a tumultuous time: FHA production is strong but the COVID-19-related forbearance rate on such loans are beginning to inch up as the employment picture worsens.

While most non-agency MBS servicers specialize in handling either prime mortgages or expanded-credit loans, Shellpoint services large volumes of both loan types.

The “virtual” roadshow started Friday, with meetings running through Wednesday afternoon, when final pricing is expected.

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...

MBA believes that as a result of large buyouts of FHA and VA loans by banks from Ginnie Mae pools, these mortgages are now listed as portfolio loans...

The seller is described as a “well-capitalized, independent mortgage banking entity managed by industry veterans.”

Higher mortgage rates in six months? No one sees it...

In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS.

The CFPB said Certified Forensic Loan Auditors charged each customer $1,495 upfront prior to providing any services.

The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria...