While the deal includes many non-QMs and IOs, along with a “tier 3” representation and warranty framework, the senior tranche of the MBS will include credit enhancement of 5.75 percent.

In other instances, the home price agreed upon by the buyer and seller might fall within market trends, but the appraiser might not have access to data to verify the value.

Spector will report to Kurland, who founded the PennyMac family of companies in 2008, two years after being forced out of Countrywide Financial Corp.

No 2016 volume figures were available on SoFi, though last year the privately held nonbank funded $372.2 million, according to one presale report.

Freddie Mac believes that refis will decline by 53.0 percent from 2016 to 2017…

Some of the debt-to-income ratios in the new SoFi MBS are below 20 percent.

JPMorgan Chase readies its fifth jumbo MBS deal of the year...

If Cato's Mark Calabria becomes FHA chief, private MI firms could benefit…

“That’s a lot of work for an industry that apparently doesn’t exist,” said Richard Johns, SFIG’s executive director.

Caliber Home Loans was the only subprime servicer among the top 10 to increase its subprime portfolio compared with the third quarter of 2015