Sales of purchase loans with private MI coverage fell 21.7%, while Ginnie recorded somewhat more modest declines in FHA (16.0%) and VA (18.0%) volume.

Genworth Mortgage: "Following this offering, we will be a 'controlled company' within the meaning of the NASDAQ rules as our parent will continue to own, through GHI, more than a majority of the total voting power of our common stock."

Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost...

Old-fashioned rate-term transactions still accounted for most of the VA refi market, at 89.1% in the first quarter...

Almost two decades ago, General Electric spun off several of its insurance-related businesses (including mortgage insurance) into a new unit, creating Genworth.

The culprit: a downturn in purchase-mortgage activity...

When it comes to Ginnie EBOs, sales are done both servicing-retained and servicing-released.

In 2020, American Advisors Group was the top reverse mortgage originator in the U.S., with $4.09 billion...

Fun fact: February has the fewest number of business days in the year and typically represents the low spot in seasonal housing activity.