Home-equity lending volume rose modestly in the first quarter to an estimated $49.0 billion...

Goldman is prepping a $416.4 million MBS backed solely by mortgages for investment properties...

On an unadjusted basis, new business increased 7.0% from the week before…

COVID-19? It appears that non-QM underwriting standards are beginning to loosen once again...

“The problem,” said Dave Worrall, president of LoanCare, Virginia Beach, VA, “is that servicing buyers aren’t hitting the bid.” This, in turn, forces the actual originator of the loan to keep MSRs.

Black Knight reported: “At today’s level, mortgage servicers need to advance a combined $3.5 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances."

Over the next 12 months it stands to reason that servicing costs will increase because of forbearance issues.

According to the offering circular, the seller is a “well capitalized institution” based in California.