DOJ notes that “over the last several years” there has been a record increase in qui tam (whistleblower) actions filed under the False Claims Act...

Flagstar contributed $1.02 billion to jumbo MBS last year, or 9.4 percent of the total market…

DeVito will report to Mary Mack, senior executive vice president of community banking and consumer lending.

The only firms that are feeling overly bullish are nonprime shops such as Angel Oak and Citadel Servicing…

According to a new SEC filing, the unsecured notes previously matured in 2021 and carried a yield of 7.88 percent.

One advisor familiar with the situation called the hiring of Samples and a recent batch of layoffs at FGMC, “a clean sweep of the corporate suite.”

Industry consultant Joe Garrett: “Commissions to retail loan officers are still just about the biggest expense in the industry.”

MGIC said the origination of such loans accelerated last summer when Fannie Mae eased guidelines on loans with 45 percent and above DTI.

In total, 13.5 percent of the 2,000 women who were sent the survey responded.

The severe hurricanes that tormented a handful of markets during late summer of 2017 continued to push FHA default rates higher in the fourth quarter, a new Inside FHA/VA Lending analysis reveals. The number of FHA loans paying on time fell from 92.8 percent at the end of September to 91.9 percent at the end of the fourth quarter. Most of the deterioration took place in the more severe default categories. The number of FHA loans 90 days past due more than doubled during the three-month period, climbing to a hefty 0.92 percent of outstanding loans. And the number of FHA loans more than three-payments late increased by 39.7 percent, reaching 1.01 percent of the total outstanding. Three jurisdictions that bore the brunt of hurricanes Harvey, Irma and Maria – Texas, Florida and Puerto Rico – saw huge increases in FHA defaults. Puerto Rico saw a devastating impact in rising ... [Charts]