Redwood generated $165 million of net income in the second quarter after posting a $943 million loss in 1Q20...

Meanwhile, the National Association of Realtors called on the agency to suspend the rule, for now...

Mr. Cooper boosted its direct-to-consumer lending and sharply reduced production through the correspondent channel...

Fannie Chief Financial Officer Celeste Brown credited the recently adapted current expected credit loss (CECL) standard for the improved showing because the mortgage giant now looks at lifetime losses whereas before it would have just looked ahead two years.

According to the S-1 initial public offering documents filed with the SEC, Rocket’s total share count (public and private) is roughly 1.9858 billion shares. At $22 a unit (the upper end of the range) that works out to a cool $43.69 billion. In short: Wow.

Angel Oak's Tom Hutchens: “We’ve got our footing under us and we’re excited about the future"...

Wade takes the helm of the government’s mortgage insurer at a tumultuous time: FHA production is strong but the COVID-19-related forbearance rate on such loans are beginning to inch up as the employment picture worsens.

The “virtual” roadshow started Friday, with meetings running through Wednesday afternoon, when final pricing is expected.

Flagstar posted a whopping gain-on-sale margin of 219 basis points compared to 80 bps in 1Q20...

Higher mortgage rates in six months? No one sees it...