Otting is Comptroller of the Currency. The speculation is that he will pull a Mick Mulvaney and wear two hats for a while…

In total, 54.0 percent of the loans were underwritten using bank statements…

The three rating services noted the unique treatment of unpaid interest in their presale reports…

An affiliate of Annaly Capital Management is preparing to issue a $384 million mortgage-backed security stocked with non-qualified mortgages and loans for investment properties…

Some 20.9 percent of the loans in the new loanDepot MBS are eligible for sale to the GSEs, down from 40.7 percent in the previous deal from the nonbank…

Budget cuts coming to HUD?

Some 78 percent of the loans are GSE-eligible mortgages for investment properties…

Mortgage Venture Partners is also working on a non-qualified mortgage jumbo second lien product…

For jumbo cash-out refis, Quicken is now allowing for combined loan-to-value ratios up to 80.0 percent on loan balances up to $1.0 million.

Use of artificial intelligence seems to be concentrated at nonbanks…