Flagstar Bank is set to issue its third jumbo mortgage-backed security in as many quarters, according to presale reports published this week. The bank plans to issue a $487.66 million deal, which follows a $576.44 million deal from October and a $443.79 million issuance in July. Underwriting characteristics across the three MBS are largely similar. The new issuance includes mortgages with an average credit score of 761, an average combined loan-to-value ratio of 67.4 percent and ...

January volume was the lowest monthly total since May 2017…

PennyMac originated $17.04 billion of home mortgages in the fourth quarter, largely through the correspondent channel

The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...

The conventional-conforming market held up relatively well in the fourth quarter, with origination volume easing by just 0.7 percent…

In fact, it’s possible the CFPB under Acting Director Mick Mulvaney may just say: never mind.

Better Mortgage will use a borrower’s average Airbnb earnings from the last 24 months...

Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…

Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios…

At Quicken, Lombardi served as director of mortgage banking.