Zillow Group earlier this month agreed to acquire Mortgage Lenders of America, a national residential originator based in Overland Park, KS. Shortly after the announcement was made, Zillow’s share price crumbled, suggesting that investors aren’t bullish on the mortgage business these days.

Among those subprime MBS investors: Fannie Mae and Freddie Mac.

This spring, loanDepot was rumored to be a takeover target of Internet retailer Amazon.com…

On July 23rd, Fannie announced Mayopoulos would depart as CEO before yearend. The heavily redacted FHFA IG report is dated July 26.

CEO Mat Ishbia: “We are not sure why Quicken Loans has decided to bring UWM into this situation."

Funding for Quicken's new reverse mortgage will come from securitization…

We know of one large subservicer that’s for sale (Ditech Financial), but a second processor may also be considering offers.

The biggest increase has been in the new breed of Alt A securities…

Both the VA and residential originators believe the fee increase would be used to cover expanded health-care benefits…

Cowen: “We would expect enforcement to return with Democratic control and wane with GOP control.”