The signors add: “We … believe the debate over recapitalizing a broken system distracts from the critical structural issues that Congress must address to ensure that the federally supported secondary market serves key, bipartisan objectives.”

News of the expanded repo line sent Walter's share price soaring...

UWM CEO Mat Ishbia noted that his company does not have a say on which applicants ultimately get picked by NAMB, though the lender does have one representative on the review panel.

Wells Fargo could have been subject to a whopping $10 billion fine...

The case started back in 2011 as a “whistleblower” lawsuit filed in New York. Allied, a net branch operator, was based in Houston.

At the ABS East show, Rep. Barr didn’t provide further details about Republican plans for the GSEs…

Rick Roque, who runs Menlo, an M&A advisory firm, said he knows several owners who are contemplating a sale…

Caliber plans to originate at least $1 billion of non-QM residential loans this year…

Congress is not expected to produce workable GSE legislation until next year and even then, other issues – tax reform, another run at fixing “Obamacare,” for example – could kick the can down the road.

In other words, the FHFA will once again order the dividends to be paid to Treasury. Right?