As summer approaches, the mortgage mergers-and-acquisitions market is heating up – with mostly talk. However, soon that chatter may lead to actual deals. According to investment banking sources, at least three mid-sized nonbanks may pull the exit parachute soon, with offering books ready to follow. The identity of the three firms was not provided, but the firms are well known, said one source. Meanwhile, the list of possible buyers hasn’t changed...

In April, Wells Fargo was the top seller of mortgages to Fannie and Freddie with $9.02 billion, followed by Quicken Loans and JPMorgan Chase…

The Trump White House wants to slash the budget of the CFPB, an independent agency it has no control over...

Servicing advisors Steve Harris and Mark Garland view the MSR market as improving…

MBA's Stevens once again slams those in favor of a GSE “recap and release” plan, saying this group consists “primarily [of] stock speculators who are most concerned about personal profits” rather than the future of the U.S. housing system.”

Entering a future downturn with “extensive short-funded, long-asset positions would be imprudent,” said FHFA Director Mel Watt.

In the new Trump budget, the White House takes an ax to the USDA’s rural single-family housing direct loan program.

PHH Mortgage continues to ooze losses as well…

Meanwhile, although GSE risk sharing seems popular in some circles, FHFA itself admitted recently that some of this coverage has come at premium cost to Fannie and Freddie.

California accounts for the largest chunk of receivables at 34.9 percent.