Roughly 25.6 percent of applications from blacks were denied last year, compared to 15.4 percent for whites.

Purchase-mortgage activity in the GSE market surged 21.5 percent higher in the third quarter – and Fannie recorded a whopping 35.9 percent jump in such business…

House lawmakers grilled Federal Housing Finance Agency Director Mel Watt on everything from flood insurance to the qualified-mortgage rule and credit-risk transfers during a hearing this week, but his comments regarding the evaporating capital buffers at Fannie Mae and Freddie Mac suggested that he’s fed up with the lack of action from Congress. Testifying before the House Financial Services Committee, Watt said it would be “especially irresponsible” for the two ...

First Republic Bank originated $1.90 billion of IOs in the second quarter of 2017, ranking first nationwide.

A handful of GSE watchers we spoke to believe that in time Watt will work out a compromise with Treasury Secretary Steven Mnuchin on zero capital...

FHFA Director Mel Watt: “In fact, it is especially irresponsible for the enterprises not to have such a limited buffer..."

Meanwhile, FHFA Director Mel Watt called the new IG audit “seriously flawed…”

But that didn’t stop the conservative from the Lone Star state from offering up some critiques on the FHFA...

LoanDepot more than doubled its ARM originations in that span, and large increases were also seen at Wells Fargo, Bank of America Home Loans, First Republic Bank and MUFG…

In the interim, mortgage servicers must continue to pass on the principal and interest payments to the end bondholders.