If the LLPA is passed to consumers as a charge at consummation, lenders will have to disclose the added cost as an “origination charge” on the loan estimate and closing disclosure.

Commercial banks and thrifts posted a whopping $5.62 billion in net income from their mortgage banking operations during the second quarter.

The $100 million securitization consists of bridge loans for both owner-occupied and business-purpose properties.

Black Knight said 3.9 million homeowners remain in forbearance...

Roughly $5 billion worth of expanded-credit loans were stranded, looking for a home but investors wouldn’t bite unless the originator/seller was willing to take a major haircut on the sale. And many did.

Higher delinquencies should lead to more Fannie/Freddie loan buybacks, but we're not there yet, thanks, in part, to forbearance...

In the case of the GSEs, multifamily loans are not covered by the extension...

Assuming an average prevailing interest rate of 2.99%, Fannie Mae estimates that 64% of all mortgages are at least 50 basis points "in the money."

But there’s something else to think about here. Let’s say Democrat Joe Biden (DE) wins the White House in November. After being sworn into office, will he act swiftly to dismantle this very controversial loan-level private adjustment?...

Other sectors of the jumbo market saw more measured gains...