A former aide to Sen. Walter Mondale, Johnson – operating the company in the wake of the nation’s savings and loan crisis – recognized early on that Fannie’s future would hinge on conducting more business with  nonbank lenders...

Of those surveyed, 25% of lenders said they increased their use of overtime pay...

It was the highest three-month production reading in the program’s history, continuing a run in which the past five quarters represented the five highest Ginnie totals ever.

In a recent S-1 statement filed with the SEC, McCarthy Capital Mortgage Investors was cited as holding 100% of Guild’s Class-B common. Once the IPO is completed, McCarthy will have sway over 94.8% of the combined voting power of the common.

Gone are the days when BofA, Wells Fargo and JPMorgan Chase dominated residential finance landscape...

The prime jumbo space saw the strongest rebound, with new issuance jumping 168.1% from the second to the third quarter.

The Charlotte-based regional reported residential mortgage income of $221.0 million compared to $341.0 million in 2Q20. The reason: a large markdown on the value of its servicing portfolio.

While the supply of VA loans in Ginnie MBS continued to grow during the third quarter, the volume of securitized FHA forward mortgages fell 2.7% from the end of June.

Most loans are removed from Ginnie pools because the borrower paid off the loan. Then there's the matter of EBOs...

While production was up in the third quarter, U.S. Bank's mortgage banking revenue actually declined...