It may seem hard to believe, but the high level of impairments hasn't prompted material losses on MBS, at least not yet...

The nonbank mortgage giant also offered a 3Q gain-on-sale estimate of 405 basis points to 430 bps. In the second quarter, its GOS came to a mouth-watering 519 bps.

Lenders are minting money these days, servicers not so much...

With four months still to go, 2020 already ranks as the second-highest year ever for Fannie/Freddie single-family business.

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...