At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have simplified policies on short sales and deed-in-lieu of foreclosures. The new policies are intended to mitigate losses for the government-sponsored enterprises and servicers by spelling out when servicers can consider borrowers for these actions and what documentation is necessary.

It’s now possible for homebuyers to use sweat equity to pay their entire downpayment and all closing costs as Freddie Mac has expanded the parameters of its Home Possible mortgage.

Fannie Mae and Freddie Mac extended disaster relief provisions to areas in California that have been ravaged by wildfires and declared major disaster areas by President Trump.

In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…

Impac CEO George Mangiaracina: “I don’t believe we’ve seen capitulation yet with respect to other originators.”

The largest gain among the 14 companies was 3.6 percent, the largest decline -5.6 percent.

Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...

Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…

The top five EC lenders in 3Q18 were Redwood Trust, U.S. Bank, Angel Oak, Citibank and Citadel Servicing…

Rates were in a decline Monday morning...