Fannie Mae reported ”fair value losses” of $2.2 billion for 2019. That’s compared to a $1.1 billion gain in 2018, and a $1.2 billion loss in 2017. Volatility in the company’s income reflects its hedging operations.

Loan applications took a dive last week but for the most part lenders remain optimistic about the months ahead. Meanwhile, a fintech lender plans to buy a bank, an industry first.

Federal Reserve economists found that black and Hispanic borrowers ended up with mortgage rates 2 to 3 bps higher than those of white borrowers. But they also found that these minority borrowers paid fewer points, offsetting the difference in interest rates.

Just like previous budgets proposed by President Trump, the 2021 version stands little chance of getting passed by Congress. But it does provide a win-dow into the administration’s priorities.

Wells Fargo will soon have a new mortgage chief: Michael Weinbach, who comes over from JPMorgan Chase. His mission: to control the megabank’s mortgage message.

Mortgage lenders are increasingly taking advantage of social media platforms to advertise and maintain customer relationships.

The mortgage delinquency rate hit a record low at the end of last year, helped by a strong economy. There were a few signs of performance issues, including an uptick in certain delinquency types and foreclosure starts.

Miami withdrew mortgage-related lawsuits against BofA, Citi, Chase and Wells. Another lawsuit against Wells was certified as class action.

Bye bye to LIBOR for Fannie and Freddie / What do Non-QM CEOs Earn?