The mortgage industry isn’t fully prepared to accept borrowers with income from the so-called gig economy, according to a survey by Fannie Mae. Nearly every mortgage executive surveyed reported that such income is difficult to approve when considering a loan application.

Based in Durham, NC, the privately held Eli Global has insurance assets and tries to keep a low profile.

The consolidation tidal wave approaches ... or maybe not...

loanDepot CEO Anthony Hsieh: “Something’s got to give."

During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.

Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review.

On average, mortgagors documented $426,633 in liquid reserves...

Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.

Candidates for the job have included Kevin Shavers, Robert Broeksmit and others…

However, Freddie still has some catching up to do to reach the 40.2 percent GSE share it had last year.