In a new opinion piece, former Freddie CEO Don Layton argues against having multiple MBS guarantors, a position he’s taken in the past. Layton, who now bides his time at the Harvard Joint Center for Housing Studies, argues the barriers to entering the secondary guarantee business are high, “possibly even insurmountable.”

In the second quarter, United Wholesale Mortgage was right on Quicken’s tail with record fundings north of $28 billion...

Bank of America also funded $2.8 billion of home equity loans in 2Q, just about flat compared to 1Q19.

At press time, the yield on the benchmark 10-year Treasury was at 2.13%, continuing its march northward. Is the rate rally over?

Fannie and Freddie will report second quarter earnings later this month. It's a safe bet that lower rates will translate into some large hedging marks...

Both these banking giants rely on a mix of retail and correspondent lending to source production, oftentimes acquiring already-funded loans from nonbanks they’re providing warehouse credit to.

The Trump White House is apparently worried about how GSE reform might screw up the mortgage market, especially around election time. Go figure...

According to figures compiled by Inside Mortgage Finance, the Santa Ana, CA-based Stearns ranked 21st among all home originators in the first quarter, while Finance of America, Horsham, PA, ranked 30th. Combined, the two would’ve been 15th...

Citi’s strong showing is likely a harbinger of good news for the residential sector, especially since Citi uses predominantly retail/direct – with some correspondent – to produce loans. In the first quarter, the bank ranked 22^nd among all funders...