Nine firms issued jumbo MBS in 2015 and JPMorgan Chase was the top issuer for the second year in a row.

Prior to Quicken filing its suit in April 2015, HUD had tried to work out a multi-million dollar legal settlement with the lender, whereby Quicken would admit to wrongdoing.

The agency is warning lenders that the annual recertification can be a lengthy, time-consuming process.

Back in April, the privately held Quicken sued the two cabinet level agencies and their leaders, claiming the residential lender was a target of a “political agenda" under which the DOJ…

“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.

As IMFnews went to press, Stonegate Mortgage was suffering the most among real estate finance-related stocks, down 7.16 percent on the day.

“A terrible outcome,” one mortgage consultant told IMFnews…

Commercial banks continue to avoid the reverse mortgage market like the plague.

Nationstar Mortgage is laying the ground work for a huge debt sale. But what will it use the money for?

Eric Morgenson, a sales manager at Angel Oak, said the lender’s main concern involves New York's foreclosure timelines