Both government-sponsored enterprises have now formally banned the use of virtual currencies for conventional mortgages.

The big-box retailer no longer offers its store members mortgage pricing options or provides lenders mortgage leads.

Is the long-awaited M&A tsunami finally here? Maybe, maybe not. But one thing is for certain: Some of the IPO class of 2020-2021 might be vulnerable.

The mortgage giant’s putative net worth jumped to $51.8 billion, but its shortfall in total adjusted capital increased to $272 billion.

The two REITs have seen success even as profits from mortgage lending decline thanks to diversification efforts involving business-purpose lending and venture capital investments.

It stands to reason that as origination activity declines, some CEOs might earn less money this year than last. But a few are sharing the pain by taking a salary of $1 a year.

While the Federal Reserve intervened in the mortgage market to lower rates, lenders did not pass along all the savings to homebuyers, the former Freddie chief said.

Some industry watchers caution that looming volatility from a potential economic slowdown could lead to an uptick in delinquencies and foreclosures.

New York Community Bank and Flagstar Bank are now pursuing their proposed merger under a national charter and have until Oct. 31 to close the deal.

Residential mortgage lenders are trimming their workforce but at a very slow pace, which could lead to serious losses in the second half of the year, according to industry consultant David Lykken.