The HUD IG said it will provide a broader accounting of the issue when it publishes a formal report.

Private MIs insured $60.97 billion of refinance loans delivered to Fannie and Freddie in 2019, more than triple their total for the prior year.

The updated defect taxonomy includes changes originally implemented through the Loan Review System in 2017.

The IPO of nonprime lender Velocity Financial could price later this week or next…

Including securities backed by FHA home-equity conversion mortgages, total Ginnie single-family MBS issuance hit $508.62 billion, also a record.

Meanwhile, when it comes to the top seller/issuers, Quicken Loans was not too far behind market leader Wells Fargo: $126.9 billion to the megabank’s $132.4 billion…

The measure comes at a time of sinking fortunes for reverse mortgage originators: HECM production totaled $8.4 billion through the first nine months of 2019, a steep 27.8% drop from the comparable period a year earlier...

This is FAR’s fourth HECM reverse mortgage deal and the first backed by active HECMs.

Some of the provisions in Ginnie's proposed Digital Collateral Guide have the potential to create unnecessary strains on issuers, according to the MBA.

Both the FHA and VA sectors saw declining securitization volume, but the VA took the bigger hit, a 12.1% drop from October.