During his career, Cotton has worked for Freddie Mac, Bank of America and Sterling Savings Bank, among others.

At the recent annual convention of the Mortgage Bankers Association, trade group chief Dave Stevens said originators are being discouraged from lending to some first-time homebuyers.

Roughly $4.0 billion, or 72.7 percent, of Nationstar's production came through its consumer direct channel. Purchase loans represented 24 percent of originations.

Will we finally see a 2.0 percent fixed-rate GSE loan then? Black swans, black swans...

The four megabanks had significantly greater earnings as a group: $2.684 billion, but the gain was slightly lower, 21.2 percent.

Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.

In an interview with IMFnews, Freddie CEO Don Layton defended the GSE’s move toward automated appraisals…

The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…

The CFPB also found that some banks used employees from a staffing agency who were not properly registered or licensed...

The sale was brokered by investment banker Houlihan Lokey.