One observer noted: “Talk about a government takeover! This feels third-world to me…”

United Guaranty was the largest MI in terms of total policies written in 1Q16, but Arch Mortgage Insurance and National MI were the fastest growers.

Mortgage officials tracking the case note that almost a year ago Quicken raised $1.25 billion through a debt sale, money that can be employed for legal help as it fights the DOJ case.

Analysts at PiperJaffray said the agreement “removes the near-term risk of Altisource being liquidated.”

In general, private mortgages are extended by the owner of the property to a borrower through a private contract. Terms can vary greatly from deal to deal.

EverBank sold jumbos with an unpaid principal balance of $981.3 million, up 60.4 percent from the previous quarter.

Perhaps, the time is drawing near to once again raise the thorny issue of whether the Department of Housing and Urban Development should cut FHA premiums...

Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.

As for TRID, Citadel obtained legal opinions on how to properly fix errors on loan applications and over time grew comfortable with the process.

The market did not react kindly to Five Oaks' earnings news. At one point in trading, its share price was down 13 percent on the day.