The fear is that if delinquencies rise significantly, nonbanks will have a tough time making the required advances to investors in Ginnie MBS.

Bob Broeksmit: "Those [hard] times have now arrived."

Warehouse financiers ended March with $103.0 billion of commitments on their books...

An improvement in unsecured debt prices: meaning?

The fact that nonbanks dominate the Ginnie Mae servicing business does not rest well with some in Washington, DC. Is it time to create a backstop for the Ginnie MBS market just in case?

It was a tough quarter for warehouse lending, but that was to be expected, given the state of interest rates and primary market production. The good news? Plenty of credit is available. (Includes data chart.)

Subservicer ServiceMac stands to lose a large contract down the road once Mr. Cooper swallows the Home Point portfolio. But that’s the nature of the beast when it comes to being a third-party vendor.

loanDepot has shed 5,220 positions over the past year...

Home price declines in California in 2023 might not be as bad as initially expected.

About one-third of total mortgage debt outstanding refinanced during the pandemic when interest rates were exceptionally low...