Most of the major bulk buyers recorded big gains during the third quarter. Ocwen Financial closed some $57.22 billion of bulk purchases...

Steve Abreu, who founded Newfi and serves as its CEO, will stay on with the mortgage firm after the sale closes.

But SCOTUS did throw them a bone. The justices said it was possible that shareholders suffered some “compensable" harm...

The pitch, emailed by On The Money Acquisition Partners, Charlotte, NC, continues: “Overnight, your situation can be completely different than the previous day.”

Depending on how you count, Fannie/Freddie loan guarantees in 2022 will either generate almost $30 billion in lifetime savings for the federal government or result in a $5.5 billion loss.

Federal Reserve Governor Michelle Bowman said the Fed’s asset purchases could end in mid-2022. The reason: The costs of quantitative easing may now outweigh the benefits.

Pooling loans from its Home Possible program into affordable housing MBS could be the next step in Freddie’s impact bond initiative.

Mortgage bankers continue to search for new talent, particularly in the non-QM sector. However, the overall mortgage employment reading declined recently. An aberration or something else?

Local concentration of mortgage lending may not raise interest rates, but it does increase fees and points, especially for low-income and minority borrowers.

As part of its plan, HUD will collaborate with VA and USDA on ways to integrate climate-related financial risk into mortgage underwriting standards and loan terms.