Tech platform mLOOP is aiming to discreetly connect originators with lenders.

Among the milestones that the effort is on track to meet: development of technology systems to accommodate the transition.

A recent opinion piece in the Wall Street Journal suggested that nonbanks have loosened FHA underwriting standards, bringing about a wave of defaults.

A rise in purchase-mortgage volume wasn't enough to offset declining refi activity.

Mark Acosta, chief servicing officer at Pennymac, said the nonbank’s proprietary servicing platform allowed the lender to implement the partial claim option quickly.

Issuance of Ginnie Mae mortgage-backed securities eased in July as securitizations of refinances dropped. (Includes two data tables.)

The nonbank servicer and a tech vendor separately implemented VA’s partial claim loss-mitigation option well in advance of VA’s deadline.

The agency sought to address the legal risks servicers face when foreclosing on a home in which the VA has a partial claim interest.

FHA is testing the Uniform Appraisal Dataset 3.6 among a select group of lenders, as Fannie Mae and Freddie Mac lenders face a mandatory implementation date.

The likelihood that a loan backed by the VA will prepay spikes sharply within the first year after origination, but in a higher rate environment, prepay speeds might be suppressed for a while.