Since the fall of 2008, Treasury has controlled the senior preferred stock in Freddie and Fannie, making the U.S. government the de facto owner of the two - and the linchpin to the housing and mortgage markets.

The Mortgage Bankers Association, for its part, expressed strong support for some provisions of the Hensarling bill…

If Mr. Cooper was the first choice, what were the others?

The transaction was mentioned during New Residential’s earnings call Monday morning and confirmed by a source...

While jumbo production fell on a sequential basis, many lenders saw a gain when compared to the same quarter a year earlier…

S&P said the revisions are intended to better reflect the evolution of the U.S. residential mortgage market over the past several years…

Stevens credited the Federal Housing Finance Agency with making “significant progress” in fixing the flaws of Fannie and Freddie...

The regulator cautioned that a large downpayment alone isn’t sufficient to prove a borrower’s ability to repay a non-QM that is based on the consumer’s assets.

At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…

On the news, Ocwen’s share price was up a stunning 37 percent on the day to $3.15.