Rocket’s originations and secondary market sales of home equity loans are flourishing without the GSEs. It’s also not yet clear how large of a role the GSEs would have in the market for closed-end second liens.

Ginnie seeing strong demand from foreign investors; non-QM demand particularly strong in MBS market; McCargo lands at Federal Home Loan Bank of San Francisco; CMBS downgraded.

New York Community Bank’s new leadership has plans to return to profitability. It’s not clear how residential mortgages fit into those plans.

If the rule is adopted, ABS and MBS reporting timeframes will tighten.

To this point, access to Fannie's income-calculation tool was only available through third parties.

Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.

“Recent data showing stickier-than-expected inflation, rising mortgage rates and continued home price appreciation appear to have given consumers pause regarding the market’s direction,” said Doug Duncan, a senior vice president and chief economist at Fannie Mae.

“We are very opportunistic in certain markets in which we like the vintage and the availability of credit,” Patterson said.

Some of Stronghill's non-QM production workers are already interviewing elsewhere...

Philadelphia-based Republic Bank focused its mortgage production on jumbos with below-market rates. The bank also held agency MBS that lost value as interest rates increased.