Some banks have reclassified mortgage loan officer duties as a way to avoid paying overtime, IMFnews was told.

All three buildings hit the market in October 2015. According to records from the District of Columbia’s Office of Tax and Revenue, the parcels were once valued at almost $200 million.

The Trump administration has added two more transition team members to HUD. Still, no word yet on whether Ben Carson wants to the secretary job...

Warehouse providers ended the third quarter with $58.0 billion of commitments on their books, a modest improvement over the prior period and a sign that nonbanks still hunger for residential credit. Compared to the same quarter a year ago, warehouse commitments increased an impressive 23.4 percent, according to survey figures compiled by Inside Mortgage Finance. That’s the good news. Now comes the bad: with interest rates rising since the election, warehouse managers are voicing their concern about what may lie ahead, namely lower originations. “Right now it feels...[Includes one data table]

Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…

The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.

As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority.

Expanding the credit box will be a major theme in the GSEs’ priorities for 2017, according to the FHFA.

The ABS market itself shrank slightly during the third quarter, according to data reported by the Securities Industry and Finance Markets Association...

In case you haven’t noticed: the national debt is ready to crack the $20 trillion mark – almost twice the dollar volume of outstanding residential debt in the United States.