Over the past two years, PHH has lost $347 million, much of it caused by a private-label origination model that has fallen on hard times and rapidly declining interest rates…

In a few weeks, almost all of that profit will be swept into the coffers of the U.S. Treasury, which supported the GSE during its money losing years...

While most banks are running away from the business of servicing home mortgages, BB&T appears to like the space...

Despite some reports of credit access loosening, it’s harder to get a mortgage today than it was during the housing bubble, according to the Urban Institute. With borrowers being denied at a much higher rate than in the past, lower-credit mortgage applicants are dropping out of the housing market. As access to credit tightened after the financial crisis, many lower-credit applicants were discouraged from applying, the UI study noted. That led to a higher-credit applicant pool, which in turn led to a lower rejection rate. This caused...

Fed Chairman Janet Yellen on the future of Fannie and Freddie: “…I would hope that Congress would decide explicitly on what the government’s role is and if there are guarantees, that they would be recognized and priced appropriately.”

Walter Investment/Ditech has yet to establish a date for the release of its fourth quarter results…

It’s unclear at this point what the takeover might mean, if anything, for Nationstar, whose own share price has rallied the past few months.

Bill Erbey, who was forced out by financial regulators two-plus years ago, controls 16.8 percent of Ocwen Financial...

The apparent easing of credit terms in the Fannie/Freddie market has been moving at a glacial pace…

Agency MBS trading volumes peaked back in 2008 – the height of the financial crisis – at $344.9 billion daily.