Banks and thrifts reported a total of $3.12 billion in income on their mortgage-banking operations during the fourth quarter of 2017, a 12.6 percent downturn from the previous period, according to an Inside Mortgage Trends analysis of call reports. The final lap of 2017 generated the weakest quarterly profit figure for the industry since the disastrous second quarter of 2011, when banks booked a massive $9.37 billion loss on mortgage banking. Most of that loss ... [Includes one data chart]

Private mortgage insurers took a bigger share of the primary MI market last year, although the VA program rebounded in the fourth quarter, a new Inside Mortgage Finance analysis reveals.

All totaled, the new tax law will result in Treasury – which owns the senior preferred stock of the GSEs – forking over $4.01 billion to aid Fannie and Freddie...

After surging to an unusually high level of 26.6 percent in 2016, market share for the VA home-loan guaranty program eased to 24.1 percent last year…

Prior to release of 4Q17 results, the GSEs had an “account balance” of $103.0 billion with Uncle Sam: $291.4 billion of dividends paid to Treasury versus $188.4 billion of assistance received.

This is the fourth in a series of RFIs announced as part of Acting Director Mick Mulvaney’s “call for evidence.”

The budget proposal calls for exempting “small lenders” – companies that generate about 20 percent of FHA business – from the IT fee.

No one has suggested publicly that Mayopoulos is unhappy with his pay, but in a new 10-K filing, Fannie worries that...

WMIH Corp., a shell company whose chief asset is tax losses, this week agreed to purchase Nationstar Mortgage for roughly $1.68 billion in cash and stock.

Mortgage delinquencies overall increased at the end of the year, with the poor performance largely attributed to areas hit by hurricanes in August and September. Mortgage performance in most of the rest of the country actually improved at the end of 2017.