In almost 19 months, the capital cushions at Fannie Mae and Freddie Mac will fall to zero, which means if either government-sponsored enterprise (or both) suffers a net loss in a quarter, Uncle Sam will need to step in and supply cash to get the afflicted party back to zero. Depending on whom you talk to in the mortgage industry, a capital draw from Treasury could set off irrational behavior on the part of Congress or it’s much ado about nothing. …

Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.

The market did not react kindly to Five Oaks' earnings news. At one point in trading, its share price was down 13 percent on the day.

Mortgage brokerage firms added 200 workers during March. Employment in the sector now stands at 80,400 positions.

Stonegate’s results were affected by declining interest rates, a plague that has marred the performance of residential servicers from coast to coast...

Freddie Mac reduced its portfolio to $339.9 billion at the end of the quarter, a 2.0 percent drop. Like Fannie, the biggest decline in percentage terms was in non-agency MBS…

New applications are booming at PRMG...

Impac Mortgage, one of the better known non-QM lenders, funded $75.0 million in such loans during the first quarter of 2016, up from $50.8 million in the previous quarter.

Altisource Residential plans to recycle NPL money into investments of “pools of stabilized rental homes at attractive yields.”

Investor Unite’s Tim Pagliara said that a stay would prejudice him under Virginia law, where the case is to be “expedited” and could be resolved on the merits…