Higher rates because of the new GSE refi LLPA? That's not how Freddie CEO David Brickman sees it...

At the very least, mortgage executives are hoping for a delay in the implementation date on the new refi fee promulgated by Fannie Mae and Freddie Mac.

The senators said they find it distressing that such a large fee would be introduced “with no consultation with Congress and no notice to external stakeholders.”

A basic question: Will Treasury step in to change the trajectory of the new GSE refi fee? (The mainstream media has finally discovered the story.)

Break out the smelling salts: Freedom Mortgage bought RoundPoint after all...

The SPAC, which carries the name Foley Trasimeme Acquisition Corp. II, has a stated goal of effecting mergers and/or buying capital stock in the “financial technology space.” Asset acquisitions are also part of the plan.

However, there’s a catch to the Ginnie number. Servicers of government product, especially depositories with a balance sheet, increasingly are buying delinquent FHA and VA loans out of MBS pools as a way to save money and possibly rehabilitate them down the road.

SIG asks: Is Rocket a mortgage company or a fintech?