Ted Tozer, a fellow at the Urban Institute and former Ginnie president, said he expects the volume of buydowns in custom single-family pools to explode as lenders take advantage of the rule change.

It’s the first jumbo MBS from a PennyMac unit since a one-off issuance in 2013.

The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.

The REIT plans to sell the mortgages originated by HomeXpress and retain some mortgage servicing rights.

UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.

Most of the positive response has been driven by President Trump’s posts on Truth Social in which he vowed to maintain the implicit guarantee and keep the GSEs under his oversight.

According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.

The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.

Rithm Capital eked out a $28.9 million profit on servicing in the first quarter, but that was down by more than $1 billion from the prior period.

The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.