PennyMac founder and Executive Chairman Stan Kurland: "While the correspondent market remains competitive, margins appear to be stabilizing as they were essentially unchanged from the prior quarter at 29 basis points..."

However, the Mortgage Bankers Association disagrees with Pinto’s findings...

Amherst Pierpont Securities worked with Ginnie on the SOFR tranche…

Quicken vehemently denied the accusation and in April 2015 filed a lawsuit in federal district court in Detroit, accusing the government of “arbitrary and capricious conduct and misuse of power to extort money from lenders.”

Keep an eye on what the GSEs say about their dividend payment...

In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.

In recent years, the share of VA loans in Ginnie MBS pools has grown significantly...

Calabria: “There is much work to do. Markets change and advance. So must we.”