In a new report, BTIG gives a greater than 50% chance of a 25 bps MIP during Biden’s first term.

The top contributors include Lima One Capital with a 67.0% share and Constructive Loans at 28.4%.

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.

CEO Mat Ishbia said the $925 million the firm  garnered from Friday’s transaction gives the nonbank solid options when it comes to growth.

The FHFA IG highlighted the agency’s failure to ensure the boards of the two GSEs are notified after its Division of Enterprise Regulation has identified serious deficiencies in management. The OIG said this has been the state of affairs since at least 2016.

MIAC is looking to place fix-and-flip loans originated by an unidentified lender in the mid-Atlantic. The seller, using private funds, is currently funding $3 million to $5 million of product per month…

Most of the other top players in the non-QM sector returned to the market within months of the COVID-related disruption...

The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.

“Right now business is good,” said Managing Partner and Co-CEO Mike Fierman…

Total MSR transfers – including bulk deals and coissuance transactions – more than doubled from the third quarter, hitting $188.11 billion. However...