Mr. Cooper boosted its direct-to-consumer lending and sharply reduced production through the correspondent channel...

Fannie Chief Financial Officer Celeste Brown credited the recently adapted current expected credit loss (CECL) standard for the improved showing because the mortgage giant now looks at lifetime losses whereas before it would have just looked ahead two years.

According to the S-1 initial public offering documents filed with the SEC, Rocket’s total share count (public and private) is roughly 1.9858 billion shares. At $22 a unit (the upper end of the range) that works out to a cool $43.69 billion. In short: Wow.

Cowen analyst Jaret Seiberg: “Our expectation is that FHA borrowers will be the first to suffer if Congress fails to extend enhanced unemployment benefits"...

While most non-agency MBS servicers specialize in handling either prime mortgages or expanded-credit loans, Shellpoint services large volumes of both loan types.

The “virtual” roadshow started Friday, with meetings running through Wednesday afternoon, when final pricing is expected.

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...

MBA believes that as a result of large buyouts of FHA and VA loans by banks from Ginnie Mae pools, these mortgages are now listed as portfolio loans...

The net asset value of the Blackstone Real Estate Income Fund declined by 24% to $443 million as of March 31...

Higher mortgage rates in six months? No one sees it...