One real estate agent said an unidentified lender offers preapproval letters to “anyone who walks in.”

Fannie Mae indicated that this auction will be the kick-off to future sales.

Fannie Mae, Freddie Mac and Ginnie Mae securitized $151.1 billion of refi loans during the first quarter, a 34.8 percent increase from the end of 2014.

The 90+ day delinquency rate on second liens was 0.27 percent at December 31, just about flat compared with the previous quarter.

As one Ocwen source told us: It’s on “indefinite” hold…

Refinance loans accounted for over half (62.2 percent) of total GSE business during the first quarter...

Zacks Investment Research downgraded MGIC Investment Corp. by two notches...

In years past, some have likened Fannie and Freddie to being giant thrift institutions...

Tomkinson plans to increase CashCall’s licensing by an additional 30 states within 60 days.

According to an informational circular on Angel Oak Mortgage Solutions, some of the top executives at the firm used to work for Southstar Funding in Sandy Spring, GA.