This fall will mark – unless there’s divine intervention or a Kumbaya moment in Washington – the ninth anniversary of the federal takeover of Fannie and Freddie.

In other words, Ocwen should have told shareholders that there was an MOU with the MMC.

The size of the pending jumbo deal from JPM has not been disclosed yet, but AMC, Clayton and Opus are working on reviews...

Out as CEO is Brian Hale, who helped groom the company for much of this decade. Hale is departing for a new venture called DCC Holdings.

Ryan went on to say it would be a limited buffer, but it should be large enough to help cover and avoid a draw...

The 14 largest FHA originators were all nonbanks, led by Quicken Loans, Freedom Mortgage and loanDepot.

JPMorgan Chase ranked first in the jumbo production with $10.89 billion…

The VA panel presented several “egregious loan” scenarios involving reviews of several mortgages from 2016 in which lenders were required to sign indemnification agreements.

The plan to raise the standard has been met with hostility by many in the residential real estate industry, said Matthew Pointon, an economist at Capital Economics.

Although it lost money on an accounting basis, its funds from operations, or FFO, came in at $78.2 million compared to $64.3 million for 1Q16.