PennyMac executives cited elevated margins across all channels. Also, production volume rose in the more profitable consumer-direct and wholesale-broker platforms...

FHA's policy statement could see the light of day next week, or not...

According to figures compiled by Black Knight, 4.7 million homeowners are in forbearance plans...

A year ago, IRRRL activity totaled just $1.99 billion. In the first three months of 2020, it rocketed to $42.01 billion.

For starters, FHA doesn’t have LLPAs in its toolbox. Then what?

New insurance written by the industry’s six active private MIs fell 13.8% from the fourth quarter, while combined FHA/VA production rose 6.2%.

The biggest surge was in the Ginnie Mae program, where 818,657 loans were classified as 30- to 60-days past due as of the end of April, or 7.02% of the overall Ginnie portfolio. That was up 352,397 loans from the end of March.

According to figures compiled by Inside Mortgage Finance, consumers owe $11.168 trillion on their first liens. If the new MBA forbearance reading is applied to that number, $883.3 billion of mortgages are in need of assistance, temporary or otherwise.

Using the "float" of payoffs to offset the advances? Why not? These are tough times...

Officials at PennyMac said the nonbank is prepared to handle servicing-advance requirements and that origination activity remains strong...