Investors Unite is urging the FHFA not manage Fannie Mae and Freddie Mac as "non-profits."

The CFPB's Steve Antonakes revealed that the agency did not start training many of its examiners about the new rules until the first half of this year.

Three different sources confirmed that the two companies had been discussing combining, but it’s unclear exactly when the talks broke down.

He may know how to run a decent race, but does economics professor David Brat – the man who beat Rep. Eric Cantor in the GOP primary in Virginia – know the history of the mortgage meltdown?

As one jumbo participant put it: “More is good.” Redwood Trust also is working on a deal, industry officials said.

The terms of the settlement include $500 million in consumer relief and a cash payment of $468 million.

“Right now there’s a large discrepancy between what the buyer wants to pay and what the seller wants to sell at,” said Chuck Klein, managing partner in Mortgage Banking Solutions.

One competitor to Prospect described Mike Williams as a “great technical guy.” He added that having Prospect go public is “the next step” in Sterling’s exit strategy.”

The average loan size is $215,080, the average loan-to-value ratio 72 percent. The first round of bidding is scheduled for next Wednesday, June 25.

Norcom wants its wholesale account executives to be in the office, not traveling the roads.