Also likely to pass: a bill that would exempt from property appraisal requirements a mortgage of $250,000 or less if it appears on the loan creditor’s balance sheet for at least three years…

PIMCO also has been buying non-agency mortgages, holding the paper in one of the funds it manages.

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.

Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...

The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.

KBW estimates that if the corporate tax rate falls, Fannie and Freddie, combined, would have to fork over to Treasury an estimated $13 billion to $19 billion…

Maybe a REIT is the way to go in nonprime...

You might say that Wilbur Ross got out of Ocwen while the getting was good...

NAR’s Mendenhall: such provisions “can turn the American Dream into a nightmare for families, as the rug is pulled out from under them.”

“A significant reduction in the corporate tax rate would result in a significant net loss, and that could result in a loss for the year,” said Fannie CEO Timothy Mayopoulos…