According to Moody’s, prior to the securitization, loanDepot had sponsored five warehouse deals totaling $1.8 billion...

First elected to Congress in 2008, the African-American legislator began her public career in the Cuyahoga County Prosecutor’s Office in Ohio. She is not a member of the House Financial Services Committee...

More liquid is better than less liquid, especially during a refi bonanza...

MBA’s Michael Fratantoni: “The job market data for November showed an economic recovery that was slowing in response to the latest surge in COVID-19 cases. It is not surprising to see the rate of forbearance exits slow, as households that needed forbearance assistance in October may be in even greater need now.”

There's been chatter in the market regarding refi churning by loan brokers...

Flagstar, a top-20 player in mortgages, recently posted a handsome $222 million profit for the third quarter.

The thirst for non-QM paper continues to be rad hot, thanks, in part, to investors’ desire for yield. It comes down to this: a 5% non-QM, though comparatively risky, is better than a 10-year Treasury yielding 95 basis points.