Based on third quarter figures compiled by Inside Mortgage Finance, FHA lending accounts for 10.17% of the overall first-lien origination market.

“The purpose of this letter is to notify you of our findings, outline VA’s expectations regarding your efforts to cure noncompliance, detail what actions you might take and inform you of the actions VA will take if your curative efforts fail to bring the loans into compliance,” the correspondence reads…

Veterans United Home Loans, Quicken, and United Wholesale Mortgage ranked first, second and third, respectively among VA originators…

SitusAMC is working on several potential MSR transactions as well...

Luxury Mortgage was founded in 1996 and is currently headed by CEO David Adamo. Years ago, there was a company with a similar name headed by Michael Covino…

Currently, depository institutions account for only 14% of direct FHA lending compared with 45% in 2010.

October was also unusual because the flow of VA loans into Ginnie MBS exceeded the intake of FHA loans. That’s the first month of VA supremacy over FHA since the beginning of 2017 and perhaps in Ginnie’s history.

So now the big question: Are nonbanks really that risky when compared to depositories? A few decades ago, Congress had to bail out the savings and loan industry to the tune of $150 billion.

According to a new tally from Inside Mortgage Finance, refis accounted for 47.6% of first-lien originations in 3Q19 compared to 35.9% and 35.2% in the second and first quarters, respectively.

Consultant Brian Chappelle credits FHA for taking action earlier in the year to stop risk layering on borrowers with lower credit scores.