The agency estimates there are 26 million Americans who are “credit invisibles...”

Over the past two years, PHH has lost $347 million, much of it caused by a private-label origination model that has fallen on hard times and rapidly declining interest rates…

While most banks are running away from the business of servicing home mortgages, BB&T appears to like the space...

The main risks in making mortgages to foreign nationals: the borrower’s lack of credit history and issues tied to income verification.

Despite some reports of credit access loosening, it’s harder to get a mortgage today than it was during the housing bubble, according to the Urban Institute. With borrowers being denied at a much higher rate than in the past, lower-credit mortgage applicants are dropping out of the housing market. As access to credit tightened after the financial crisis, many lower-credit applicants were discouraged from applying, the UI study noted. That led to a higher-credit applicant pool, which in turn led to a lower rejection rate. This caused...

The court also ordered that the three-judge panel’s ruling this past October be vacated. Oral arguments will be heard May 24...

Fed Chairman Janet Yellen on the future of Fannie and Freddie: “…I would hope that Congress would decide explicitly on what the government’s role is and if there are guarantees, that they would be recognized and priced appropriately.”

“Anytime you have rates run up by 50 basis points, it usually takes about 90 days before a washout begins,” said one mortgage advisor.

Walter Investment/Ditech has yet to establish a date for the release of its fourth quarter results…

It’s unclear at this point what the takeover might mean, if anything, for Nationstar, whose own share price has rallied the past few months.