Wells Fargo, which has the largest portfolio of first-lien mortgages, reported a 3.2 percent drop in its holdings, down to $272.72 billion as of the end of the first quarter.
Sen. Mark Warner, D-VA, suggested the widespread view that Congress won’t get around to resolving the conservatorships of Fannie Mae and Freddie Mac may be too pessimistic. Speaking at a Mortgage Bankers Association conference in Washington, DC, this week, Warner said, “This may surprise some folks, but I think the stars may align where you could actually see housing-finance reform happen in front of some of the Dodd-Frank reform.” Warner, who co-authored a reform bill four years ago, said...
Quicken, the nation’s third-largest home loan originator – and number two in retail – is continuing to add positions in “all areas of the business,” said a company official.