Moody's believes that relying on less than 12 months of a borrower's bank statements increases the risk a non-QM loan may not meet the CFPB's standards...

The new MSR offering from MorVest is top-heavy in California product...

BlackRock CEO Larry Fink: “Our strategic investment in PennyMac 12 years ago was part of an effort to help our clients access opportunities in the residential mortgage market…”

Industry consultant Paul Hindman on Mike Weinbach, the new Wells Fargo mortgage chief: “He’s s out to control the messaging. His goal will be to get immediate results.”

The Community Home Lenders Association called on the White House to end the government mortgage insurer’s life of loan premium policy.

Some industry trade groups have an uneasy feeling about the proposal...

Moreover, the REIT has already inked deals to buy another $40.0 billion, transactions that are expected to close by March 31. 

Originally, there were 14 nonbank issuers that Ginnie was talking to but one was acquired by a competitor.

The FHFA is tweaking standards regarding minimum net worth and liquidity. The tangible net worth ratio is unchanged at 6% of total assets.

Ocwen is predicting that better days are ahead for the company, including (possibly) $15 billion in originations this year...