The proposed rule defines a new activity as any new business line, business practice, or service that the GSEs offer to the market.

A former aide to Sen. Walter Mondale, Johnson – operating the company in the wake of the nation’s savings and loan crisis – recognized early on that Fannie’s future would hinge on conducting more business with  nonbank lenders...

Of those surveyed, 25% of lenders said they increased their use of overtime pay...

Quicken takes another trip to the repo well...

The two investors will pay $13.50 per share for Front Yard, a 35.5% premium over what the company was trading for on Friday.

It was the highest three-month production reading in the program’s history, continuing a run in which the past five quarters represented the five highest Ginnie totals ever.

In a recent S-1 statement filed with the SEC, McCarthy Capital Mortgage Investors was cited as holding 100% of Guild’s Class-B common. Once the IPO is completed, McCarthy will have sway over 94.8% of the combined voting power of the common.

Might GSE seller/servicers see changes in LLPAs during the coming months? Stay tuned... 

Gone are the days when BofA, Wells Fargo and JPMorgan Chase dominated residential finance landscape...

The prime jumbo space saw the strongest rebound, with new issuance jumping 168.1% from the second to the third quarter.