Now that President Obama has signed legislation to cap Fannie Mae/Freddie Mac CEO pay, which GSE chief will leave first?

In comments to IMFnews, Emerson accused the HUD Inspector General and DOJ of “hijacking” the FHA program.

Warehouse banks ended the third quarter with $46.0 billion of commitments on their books, a 4.2 percent sequential decline as residential originations in the primary market slowed and nonbank customers needed less credit. According to survey figures compiled by Inside Mortgage Finance, warehouse commitments at the end of September were up 27.8 percent from the same point in 2014. The quarterly decline was...

Fannie Mae last week updated its policies to allow seller/servicers to pledge a transfer of interest in their servicing income as collateral. Now Fannie, Freddie Mac and Ginnie Mae have three different approaches for the pledge of servicing income and/or servicing advances. David Fleig, president and CEO of MorVest Capital, an investment firm, noted that the update by Fannie follows a move by Ginnie. Last year, Ginnie started allowing issuers to pledge servicing income without notifying Ginnie. Fannie’s new policy requires...

Among the top five jumbo lenders, only Chase was able to increase its production between the second quarter and the third quarter.

Ellington Financial, a REIT that carries an 11.20 percent dividend and yield, has admitted to buying non-QM loans in past filings with the SEC, but has not racked up huge volumes...

UWM may soon surpass Stearns Lending to become the largest wholesale-broker lender in the nation...

G-fees were tapped in a recent highway transportation bill, but eventually the language was stripped from the measure…

ARM activity continues to be low at just 6.1 percent of new applications.

So, whatever happened to Beach Point Capital’s $70 million subprime MBS? Sources contend the deal is very close with strong investor interest...