Two previous cases have raised similar issues tied to the legal theory of disparate impact.

Back in May, Pershing Square founder William Ackman said the common stock of Fannie Mae and Freddie Mac could be worth at least $23 a share. Huh?

MountainView also will extend credit to borrowers who recently completed bankruptcy.

IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were nonbanks.

The initiative – which is being spearheaded by The Collingwood Group – comes at a time when the share prices of publicly traded mortgage companies have reached new lows.

The mortgage industry is trying to make its way against demographic, economic and regulatory crosscurrents, with its future pretty much hanging in the balance, according to Mortgage Bankers Association Chairman-Elect Bill Cosgrove. Speaking to attendees of the MBA’s regulatory compliance conference in Washington, DC, early this week, Cosgrove raised some demographic issues that are troubling. “Today’s consumer is evolving in rapid fashion. The age of the first-time homebuyer ...

The labor participation rate in the United States continues to lag, especially for the youngest potential homebuyers. If it continues to drift downward, as a recent paper by the Federal Reserve Bank of Cleveland suggests, that could push the homeownership rate down to 62.5 percent, and result in an additional 20 percent to 25 percent decline in purchase-mortgage production, according to a recent review by analysts at Bank of America Merrill Lynch. “The conclusion we draw from the age breakouts of ...

Although linked to higher likelihood of defaults for first mortgages, piggyback second liens do not necessarily mean bad results for the associated primary loan. However, subsequent second liens have had mixed results over certain time periods. “The empirical results for subsequent second liens are much more nuanced and, in many ways, more interesting than the piggyback results,” concludes Andrew Leventis, principal economist at the Federal Housing Finance Agency ...

Fannie Mae and Freddie Mac saw significant increases in single-family mortgage business during the third quarter of 2014, and they relied less on their top sellers, according to a new Inside Mortgage Trends analysis. Together, the two government-sponsored enterprises issued $183.2 billion of single-family mortgage-backed securities during the third quarter. That was up 29.1 percent from the previous quarter. Most of the gain came from a 31.7 percent jump in ... [Includes two data charts]

According to one deal-maker, after a merger, anywhere between 30 percent to 40 percent of a company’s LOs might choose to leave.