The company released an estimate of earnings for the second quarter of 2018, forecasting a profit of $2.6 million to $3.2 million on revenues of about $142.1 million.

The court said Congress encased the regulator in layers of insulation, which limits the president’s power to remove and replace the FHFA director...

“We want to get more bidders involved,” said MBA’s Pete Mills…

Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…

Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...

Among FHA loans endorsed in April and May, only 41.9 percent were at or below the benchmark DTI test for qualified mortgages, which is 43.0 percent.

Bank of America no longer breaks out mortgage income separately.

Prime jumbo mortgages continue to account for the majority of non-agency MBS issuance…

NAR fears a major loss in home sales...

The Department of Housing and Urban Development has issued an interpretive rule to clear up some of the confusion created by the recently approved Dodd-Frank reform act regarding the eligibility of certain VA refinance loans to serve as Ginnie Mae collateral. Although interpretive rules are exempted from public comment under the Administrative Procedures Act, HUD is seeking public input on its interpretation of the loan-seasoning provision of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which President Trump signed into law on May 24, 2018. Among other things, the statute prohibits Ginnie from guaranteeing payment on a security backed by a mortgage that does not meet its seasoning requirements. The protective measure was designed to deter lenders from encouraging veterans to refinance their loans often and repeatedly. Loan churning led to faster prepayment speeds on the ...