Priority Financial Network is steamed about the Ginnie application process and is searching for answers. Meanwhile, it could fund $2 billion in loans this year, including conventional, government and non-QMs.

It’s no secret that nonbanks have been gaining market share at the expense of the depository goliaths over the past five years...

Interfirst Mortgage is rolling out “ONE,” a new loan product for investors in non-owner-occupied homes. The wrinkle: the mortgage carries a “single interest rate” that does not adjust...

The government wants its MBS servicers to have more cash on hand, just in case. But what about Fannie and Freddie?

Mortgage insurer PMI of Arizona has put itself on the auction block. Who? And therein lies a story...

It’s earnings season and the early results indicate a decent 2Q for most but not all is rosy. Gain-on-sale margins continued to suffer.

As anticipated, Wells suffered from stiffer competition on the home front and saw its gain-on-sale margins get clipped. However, mortgage sales revenue was bolstered by Ginnie Mae buyout activity...

A sudden turn-around on the application front...

On a sequential basis, home lending revenue came in at $1.35 billion, a 7.4% decline from the first quarter.

Ginnie has been working on the change in requirements for well over a year...