Secondary

The Financial Stability Oversight Council said the mortgage giants may need a bigger capital cushion than their regulator has proposed, but stopped short of designating them as “systemically important financial institutions.”

Retiring Ellie Mae CEO Jonathan Corr and new ICE Mortgage Technologies President Joe Tyrrell discuss how the two companies will be merged.

Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.

Twelve people were charged in a scheme regarding the creation of 100 fraudulent mortgages in Georgia, according to the HUD inspector general.

Wholesale's technological capabilities and its scalability have been increasingly attractive to lenders given the recent surge in volume.

The Charlotte, N.C., company recently closed on a sale of its Cohen Financial platform to SitusAMC.

Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.

The percentage of borrowers who have asked to temporarily suspend payments due to coronavirus-related hardships is down overall, but in the Ginnie Mae market, they're still inching up.

The restrictions on the pooling of loans with any interest term based on Libor will be effective for traditional mortgage-backed securities issued starting Jan. 21, 2021, and earlier for reverse-mortgage securitizations.

Bondholders could see principal losses if, due to the way the documents are worded, the rate is frozen at the last published amount.