Locks for refis plummeted in November following a rise in interest rates.

Among the top 20 Ginnie issuers in November there were just two federally insured depositories: U.S. Bank and Navy Federal.

While layoffs aren’t increasing, new entrants and individuals who lose jobs are having a more difficult time regaining employment.

Cardinal started originating VA loans using 10 T scores in October.

Banks and thrifts serviced $3.023 trillion of mortgages for other investors as of the end of September.

Joshua Rosner, managing director at Graham Fisher, a consulting firm, suggested that calls for an explicit government guarantee for GSE MBS are absurd.

A bill with bipartisan support to ban trigger leads tied to mortgage applications was removed from a defense spending package.

JPMorgan Chase, the system’s biggest member, reduced its FHLBank advances by 20.3% over the past year.

Fitch assigned a B rating to the planned $400 million senior unsecured debt issuance from Planet Financial Group.

“For MBA, the most critical issue to address before releasing the GSEs is the establishment of an explicit federal backstop for mortgage-backed securities,” according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association.