The CEO noted that Freddie Mac has made great inroads in doing more business with small to medium-sized lenders, but also said that when it comes to the GSE’s credit box, “it is not being fully used” by the industry.

The shareholders demanded that a planned large acquisition of single-family homes by Altisource be halted...

Shrinkage? Thanks to the CSP, changes in reps and warrants, cyber security and more, Freddie Mac continues to hire new workers...

The House of Representatives last week passed legislation containing a provision to eliminate the cap on VA loan guaranty limits. Sponsored by Rep. Brad Wenstrup, R-OH, the “Veterans Employment, Education, and Healthcare Improvement Act,” H.R. 3016, included an amendment added by Rep. Lee Zeldin, R-NY, in committee. The amendment would eliminate the maximum loan amount the VA will guarantee, allowing more veterans to purchase homes in high-cost areas such as San Francisco and San Jose, CA. The bill was agreed to...

What might replace the GSEs' HARP program? Maybe nothing...

Bill Erbey controls blocks of Ocwen's stock in his own name, but also through limited partnerships and limited liability corporations.

Wells Fargo continues to cut workers tied to the servicing function...

But is the mega-lender advocating for consumers or is it another bold attempt to gain market share and thus increase profits? Industry consultant David Lykken noted: “Quicken’s being smart – they’re using their leverage.”

Caliber is owned by Lone Star Funds, which was hoping to take the nonbank public one day…

A few days later, Ditech filed notice with the SEC that the company would pay Patti Cook a $300,000 bonus for her service to the company...