CHLA believes the FHFA should mandate a 12-month increase in the retained portfolios of the GSEs...

One last note: The yield on the benchmark 10-year Treasury has fallen to 3.5%...

In January of last year, mortgage banking shops employed 280,900 — or 46,500 more.

Both CMG and Homebridge said they made money in 2022...

Angel Oak's general counsel is departing at the end of April...

What ails the mortgage market? Answer: high interest rates. But would creating more MBS buyers ease the pain? At this point, it’s an academic equation.

When nonbanks hurt, so too do their warehouse bankers. Just how bad is it? Many originators in the primary market are struggling to post a profit, violating their contractual covenants. (Includes data chart.)

Homebridge Financial has agreed to sell most of its MSRs and its entire retail network to California-based CMG. Homebridge insists it’s not going away and is working on other transactions.

Rocket has a huge imbalance between refinances and purchases. Will “distributed” retail help? Meanwhile, FHA rolls out its 40-year modification product.

The Irvine, CA-based lender/servicer — like most originators — has been slashing staff and other costs...