Banks and thrifts reported a total of $3.12 billion in income on their mortgage-banking operations during the fourth quarter of 2017, a 12.6 percent downturn from the previous period, according to an Inside Mortgage Trends analysis of call reports. The final lap of 2017 generated the weakest quarterly profit figure for the industry since the disastrous second quarter of 2011, when banks booked a massive $9.37 billion loss on mortgage banking. Most of that loss ... [Includes one data chart]

All totaled, the new tax law will result in Treasury – which owns the senior preferred stock of the GSEs – forking over $4.01 billion to aid Fannie and Freddie...

After surging to an unusually high level of 26.6 percent in 2016, market share for the VA home-loan guaranty program eased to 24.1 percent last year…

This is the fourth in a series of RFIs announced as part of Acting Director Mick Mulvaney’s “call for evidence.”

The budget proposal calls for exempting “small lenders” – companies that generate about 20 percent of FHA business – from the IT fee.

No one has suggested publicly that Mayopoulos is unhappy with his pay, but in a new 10-K filing, Fannie worries that...

Joshua Rosner, managing director of Graham Fisher & Co., states: “This sounds like the early stages of a utility model..."

Under this arrangement, the FHLBanks would be “jointly and severally liable” for the obligations of any single-family guarantor formed under the new system…

Housing finance reform legislation is being worked on in the House and Senate but has yet to be formally introduced.

As National Association of Realtors Vice President Joe Ventrone put it: “It’s an unintended consequence of the tax bill rather than falling into the bailout narrative.”