There's been scattered talk that some nonbanks might soon launch second-lien products...

Outstanding home-equity loans fell another 2.0% in 4Q21. Lenders cranked out $181.80 billion in new HELOC draws and closed-end seconds in 2021, including $48.50 billion in the fourth quarter, up a modest 4.1% sequentially but almost unchanged year-over-year. (Includes three data charts.)

Mortgage professionals generally approve of the plan, but say more changes are needed to expand access to credit.

Industry representatives have described the new Fannie/Freddie requirements as draconian...

Except for a $1.70 billion lender risk deal with PennyMac in the fourth quarter of 2020, Fannie had no CRT activity until October 2021.

The top five loan sellers to the GSEs in February: Rocket, UWM, Chase, Wells Fargo and loanDepot...

The volume of loans delivered to Fannie Mae and Freddie Mac declined by 23.0% from January to February. The sequential decline seems to be a result of the 18% hike in conforming loan limits. (Includes two data charts.)

The Federal Reserve will close on an era this week, ending its pandemic policy of net asset purchases and preparing for a runoff of agency MBS.

The mortgage giant’s credit-risk transfer program got 2022 off to a good start with its first CIRT transaction of the year.

The collapse of Champlain Towers South in Florida resulted in the GSEs issuing temporary guidelines tightening eligibility requirements for condo loans. Industry representatives have denounced the new rules as draconian.