The nonbank accounted for 7.7% of originations in the first quarter of 2020.

GSEs extend moratorium on foreclosures and evictions until Aug. 31.

Ronald McCord, the former president of First Mortgage, faces 24 counts of bank fraud, money laundering and making a false statement.

Industry stakeholders believe this is a sign the GSEs are on track to undergo their long-expected public offerings.

The GSE priced two deals totaling $1.17 billion.

Instead of larger, multi-issuer uniform MBS pools, FHFA wants seller/servicers to closely monitor the prepayment speeds of their broker/correspondent channels to ensure closer alignment of Fannie/Freddie pools.

Independent mortgage bankers heaved a sigh of relief after the Federal Housing Finance Agency said it will re-propose the minimum financial eligibility requirements for single-family seller/servicers.

Industry stakeholders believe this is a sign the GSEs are on track to undergo their long-expected public offerings.

Oklahoma-based First Mortgage’s former President Ron McCord faces 24 counts of bank fraud, money laundering and making a false statement to a financial institution.