On the surface, the numbers indicate a steadily growing and profitable niche, but...

As for the Post/Enerage study, there was no footnote mentioning that Fannie (like Freddie) has been a ward of the government since the fall of 2008.

The nonbank has been a busy little acquisition bee of late.

When one (cash) window closes, another opens...

Ocwen has its check book out. Who's next on its buying ist?

When one window closes, another opens. That seems to be the case when it comes to reducing purchase caps placed by the GSEs on investor loans. Lenders are not happy but investment bankers love it.

Based on activity over the past year, mortgage IPOs can sometimes underwhelm. Angel Oak’s was no exception but investors in the common shares are betting on non-QM lending taking off in the years ahead.

Originally, the Atlanta-based firm, hoped to sell 8.05 million shares of common at a range of $20.00 to $21.00 per unit.

Subservicing contracts continue to proliferate. The bad news? These vendors worry about an onslaught of COVID-related work and oversight. (Includes data chart.)

HUD is looking to make policy decisions on FHA loans without having a permanent FHA commissioner in place...