Cutting premiums isn't as easy as one might think...

The American Association of Residential Mortgage Regulators’ best practices highlight issues state regulators should consider when approving a permanent work-from-home option for LOs employed by nonbanks.

FHA has extended appraisal validity periods, in some cases up to a year, to align more closely with standards at the GSEs and VA.

There’s not much left at non-agency lender Sprout Mortgage but there are plenty of rumors, none of them good. Meanwhile, mortgage fintech Better.com has been adding senior managers.

The $346 million MBS is the third expanded-credit deal from Ellington this year...

Purchase mortgages accounted for nearly 60% of jumbos in March...

loanDepot hopes to retain as much servicing as it can...

Spreads on ECM deals priced in May were near levels last seen in the early days of the pandemic...

Rising interest rates had a major impact on non-agency MBS issuance in the second quarter, with volume down nearly 40% on a sequential basis. Expanded-credit MBS issuance held up better than prime volume, though the ECM sector is now in turmoil. (Includes data chart.)

Two prominent non-QM lenders ceased operations in the past two weeks amid weak demand for the loans. Still, other market participants are stressing that they remain in strong operating positions.