Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.

Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.

The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…

No disasters have been reported yet, but some lenders are beginning to worry...

One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...

Fannie and Freddie continued to see a slippage in the purchase market…

However, Steve Harris, president of MIAC Capital Markets, said he sees a weak market when it comes to “franchise” deals.

Brian Benjamin of Two Rivers Mortgage & Investment in Red Bank, NJ, noted that since the bond market rally in late December, “I’ve seen a pickup in calls, but refis are still dead.”

Celink, a servicer of reverse mortgages, has agreed to pay the federal government $4.25 million for violating the False Claims Act...

Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.