A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.

Delinquencies on mortgages largely continue to decline, with strong performance expected ahead. But housing counselors look to be staying busy with an increased emphasis on issues facing potential homebuyers. One factor contributing to improving mortgage performance but hurting affordability is home price appreciation. House prices increased by 6.7 percent on an annual basis in 2017, according to the Federal Housing Finance Agency’s home price index. From the ...

Acting Ginnie Mae President Michael Bright: “If they don’t have money to make principal and interest payments to investors every 20th day of the month, then Ginnie MBS are in trouble.”

Two years ago, Nationstar Mortgage subserviced just $22 billion in loans. Today the figure is...

Ocwen disclosed this warning: “Non-compliance with the laws and regulations of India or the Philippines could result in restrictions on our operations in these countries, fines, penalties or sanctions or reputational damage.”

Loans in Tennessee account for the largest portion of the portfolio at 28 percent…

At last check, Fannie common was selling for $1.62 a share, Freddie $1.57.

Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.

Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons.

Wells Fargo serviced $287.5 billion of jumbo mortgages as of Dec. 31, ranking first overall…