There was a huge gain in the securitization rate for conventional-conforming loans, up from 73.0% in the first quarter to 86.2% in the second.

This official speculated that perhaps Calabria was referring to the companies’ corporate culture before the financial crisis, when the politically connected secondary market giants were widely feared on Capitol Hill.

Another mortgage employment area badly in need of bodies is operations staff...

Fun fact: With correspondent losing share, many small and mid-sized firms began selling directly to the GSEs...

In other words, all that chatter about an end to paper document is overblown.

According to Black Knight, as of Sept. 22, 3.6 million mortgagors were in some type of relief program.

Mortgages in the deal have an average combined LTV ratio of 87.8%.

Although the forbearance program was extended by the FHFA, it still looks expensive to lenders at 500 to 700 basis points...

According to Inside Mortgage Finance, consumers owe $11.29 trillion on their first-liens, which means $782.1 billion worth of loans are potentially at risk.

Fannie and Freddie said borrowers can qualify for a reduction or suspension of mortgage payments for up to 12 months. During this time, homeowners will not incur late fees and foreclosure will be suspended.