In direct rebuke to Richard Cordray’s interpretation, the court held that a reasonable payment is bona fide regardless of whether a referral was also involved in the transaction.

Wells Fargo is sitting on $287.5 billion of jumbo whole loans…

Others might contend that ASPS CEO William Shepro really earned his $2.5 million compensation package this time around…

Plans at Wells Fargo to issue non-agency mortgage-backed securities in 2017 didn’t come to fruition. But growth limitations recently placed on the bank by the Federal Reserve have prompted speculation that Wells could issue non-agency MBS this year. This month, the Fed issued a cease and desist order that temporarily limits the firm’s maximum total consolidated assets to the level they were as of the end of 2017. The order was one of the last acts of former Fed Chair Janet Yellen, who ...

PIMCO also believes government MBS loan limits should be based on borrower income, not housing prices…

According to their financial disclosures and company officials, both GSEs saw a sharp decline in the average guarantee fee they charged on new MBS issued during the fourth quarter…

Invitation Homes, the nation’s largest single-family rental operator, lost $46.0 million in the fourth quarter...

Most complaints from seniors over the past two years centered on conventional mortgages…

It appears that Pershing Square is now under water on its GSE investments...

The agency will issue seven more RFIs in the coming weeks on such topics as complaint reporting and inherited rules.