During his confirmation hearing in March, Labor Secretary Alexander Acosta said he favored raising the exemption threshold but only up to $33,000.

Fun fact: Ginnie Mae servicing now represents 16.5 percent of all residential debt outstanding – more than triple the program’s market share at the end of 2008.

Unfortunately, Rood said he’s not at liberty to name names or agencies...

Two years ago, Quicken Loans sold $1.25 billion worth of corporate bonds at a yield of 5.75 percent for 10 years.

Bids are due June 27. Delinquencies total just 0.3 percent of the entire package.

It certainly seems like the Financial Services Roundtable wants to be a key player in GSE reform...

The market for mortgage mergers and acquisitions is beginning to heat up with talk about who’s in – and who might be out. According to investment banking officials speaking under the condition they not be identified, Caliber Home Loans and Flagstar Bancorp continue to make their intentions known as buyers. “Caliber is looking to make a big splash,” noted one advisor who said he’s been contacted by the privately held lender. “And they have money behind them too.” That “money” would be...

The Trump administration plans to issue a request for information (RFI) regarding a Department of Labor final rule currently on hold that would raise the annual salary threshold for employee exemption from overtime pay. Testifying before the House Committee on Appropriations last week, Labor Secretary Alexander Acosta said the proposed RFI would seek public comment regarding the economic or anticipated impact of raising the annual salary requirement for overtime exemption from the current $23,660 to $47,476, as the previous administration had proposed. The Obama administration issued...

In the first quarter, Amerihome Mortgage had the largest sequential growth rate in USDA lending.

The Ginnie MSR market has been in the tank the past two years, but has revived somewhat this spring…