Freddie Mac has long used a variety of tools to maintain a 40% share of GSE business, including discounted MBS guarantee fees and buying more of its own issuance. But one of the primary purposes of the uniform MBS program was to put the two GSEs on a more level playing field.

Citi’s strong showing is likely a harbinger of good news for the residential sector, especially since Citi uses predominantly retail/direct – with some correspondent – to produce loans. In the first quarter, the bank ranked 22^nd among all funders...

The next step might be to create a limited liability regulated entity (LLRE) which would succeed the GSE. After that, the LLRE (once capital is raised) becomes a new company and the charter is sold to new owners. From what we understand, the FHFA has the legal power to sell the charter...

As Wedbush and other research firms have pointed out: Mr. Cooper does not hedge its MSR positions, resulting in large non-cash marks when rates decline from quarter to quarter, and write-ups when interest rates increase.

The trade groups are calling on the Department of Housing and Urban Development to either remove FHA certifications or replace them with a straightforward lender acknowledgement of key requirements based on loan eligibility…

Meanwhile, whatever happened to all that chatter about Amazon.com buying loanDepot?

The privately held Stearns originated $4.5 billion of home mortgages during the second quarter, a 45% sequential gain…

The other lenders that Moody's looked at: Ditech Financial, Freedom Mortgage, Mr. Cooper, New Residential, Ocwen Financial, PennyMac Financial Services, Provident Funding Associates and Stearns Lending...

“This case, which clearly presents the question whether the CFPB is constitutional, is an ideal vehicle for the court’s review,” wrote Seila Law. “The petition for a writ of certiorari should therefore be granted.”