A U.S. Supreme Court ruling last week involving the Fair Debt Collection Practices Act and foreclosures in certain states could prompt legislation from Congress.

The Supreme Court based its decision on the wording of the FDCPA and the legislative history of the statute.

Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…

Most of the mortgages were sourced by Sprout Mortgage, Michael Strauss' shop...

Fix-and-flip loans typically payoff in about seven months...

The mortgages boast an average credit score of 736...

Sen. Elizabeth Warren, D-MA, introduced legislation last week to make significant changes to the housing-finance market. The bill is essentially dead on arrival given the current makeup of Congress, but it signals some priorities for Democrats as they look to win elections in 2020.

Several nonbanks are increasing their originations of non-qualified mortgages, a bright spot in an otherwise declining volume environment.

After more than a year of pessimism among many lenders regarding profit margins, the outlook is improving, according to a survey by Fannie Mae.

Impac Mortgage Holdings is putting a strong emphasis on originating non-qualified mortgages as the product offers attractive margins. But the shift also has prompted large layoffs and employee turnover as non-QM volume hasn’t completely replaced production of conforming mortgages.