FHFA’s Mary Ellen Taylor noted the project aims to increase liquidity in the to-be announced MBS market and is not an effort to combine Fannie and Freddie into one entity.

Zillow’s management believes that within three to five years the firm could originate 3,000 mortgages per month...

Verus first launched its acquisition program in 2015. As of the end of October, the company had purchased mortgages with an aggregate principal balance of $3 billion…

The parent company of HomeStreet Bank last week said it is looking to sell its standalone home loan centers and a majority of its mortgage servicing rights. Officials at the Seattle-based lender cited a number of factors for the divestiture, including reduced demand for refinances and regulatory issues specific to banks.

Non-QM Paper; The Return of Nicholas Smith...

Morningstar Credit Ratings plans to increase the types of assets it will consider for credit ratings. This month, it published proposed rating methodologies for MBS backed by reverse mortgages and cash flows from Property Assessed Clean Energy assessments on residential properties.

The market for nonprime MBS is hot as issuers bring larger deals to meet demand from investors.

loanDepot this week launched a digital mortgage product, mello smartloan, promising quick turn times for more than half of its loan applicants. The nonbank lender claims borrowers can now close their mortgages in just eight days.

The majority of lenders now offer a front-end digital mortgage process for borrowers but there is considerable variability in adoption rates for various back-end processes, a survey by Strategic Mortgage Finance Group showed.

Doyle noted it was the first time in a while that GSE-eligible loans put out for bid to non-agency investors failed to trade.