Florida and New Jersey lead the way in having the most borrowers who are likely eligible to take advantage of the Federal Housing Finance Agency’s principal modification program, according to a new map the agency released this week. The FHFA introduced the one-time loan modification program in April focusing on a highly targeted group of underwater borrowers. It is limited to Fannie Mae and Freddie Mac loans that were seriously delinquent as of March 31, had remaining loan amounts of less than $250,000, and unpaid debt, including arrearages, exceeding 115 percent of the current market value of the home. The interactive map focuses...

One mortgage insurance lobbyist added: “Fannie and Freddie really don’t want to cut fees. It would hurt their earnings. It’s hard to imagine them doing anything right now that would reduce revenues.”

The pending deal from Chase will include 4,122 mortgages, according to a due diligence review by Opus Capital Markets Consultants…

The authors advocate for competition in the secondary market…

Another week, and another gain in new mortgage applications...

With the presidential election underway, many Americans are beginning to analyze and critique the candidate’s various policies – including their views on housing and finance.

One other finding from Black Knight: roughly $75 billion in home equity has been extracted from residences over the past 12 months…

The only major bank to rank among the top five table funders in 1Q16 was U.S. Bancorp with a 4.1 percent market share.

The surge in California business helped boost the national broker share to 12.5 percent of GSE volume during the second quarter…

Recently, several trade groups and community organizations have called on Watt to allow Fannie and Freddie to rebuild their capital buffers ...