In 2009, BofA’s stock fell to as low as $3.95 a share. Today, it trades for $22.86, an increase of 478 percent…

Observers of the subprime auto ABS market are raising concerns as delinquencies rise above peaks seen during the financial crisis as lenders have loosened underwriting standards in search of market share. According to Fitch Ratings’ index of subprime auto ABS, 60+ day delinquencies on loans backing the securities hit 5.45 percent at the end of 2016. Delinquencies were up from 4.70 percent at the end of 2015 and 41 basis points higher than the peak for the sector in 2009. The index tracks an outstanding balance of $38.6 billion from 149 transactions. There were 21 active shelves in the index, up from 12 active issuers in 2010. “Smaller lenders along with recent new entrants are...

Not only does Fairholme own Fannie and Freddie shares, it has an investment in Sears, the troubled department store chain...

When Walter Investment released fourth quarter results last week it declined to hold a live earnings call – somewhat of a rarity…

Waiting for a change in the GSE PSPAs is like waiting for Godot...

Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs...

The nation’s three largest residential subservicing firms are: Cenlar, Dovenmuehle and Loan Care. All are nonbanks.

MBA noted that including all business lines, 73 percent of the mortgage companies posted pre-tax profits for the fourth quarter, down from 94 percent in 3Q16…

All totaled, the new CoreLogic chief could earn almost $5 million...

Attorneys with the Ballard Spahr law firm noted that, “If the DOJ gets its way, the CFPB would remain intact with a director that President Trump can replace at any time.”