DOJ notes that “over the last several years” there has been a record increase in qui tam (whistleblower) actions filed under the False Claims Act...

The only firms that are feeling overly bullish are nonprime shops such as Angel Oak and Citadel Servicing…

“Jerry Buckley would fit the bill perfectly,” said one industry lobbyist...

DeVito will report to Mary Mack, senior executive vice president of community banking and consumer lending.

Flagstar contributed $1.02 billion to jumbo MBS last year, or 9.4 percent of the total market…

Mnuchin said the 30-year FRM cannot survive without Fannie and Freddie...

According to a new SEC filing, the unsecured notes previously matured in 2021 and carried a yield of 7.88 percent.

Treasury would be barred from selling or disposing of “any senior preferred shares, any interest in the warrants, any common shares acquired upon the exercise of the warrants, or any other equity interest that were acquired pursuant to the Senior Preferred Stock Purchase Agreement.”

One advisor familiar with the situation called the hiring of Samples and a recent batch of layoffs at FGMC, “a clean sweep of the corporate suite.”

MGIC said the origination of such loans accelerated last summer when Fannie Mae eased guidelines on loans with 45 percent and above DTI.