Although Frater will lead Fannie, which earned $16 billion in 2018, his salary will be capped at $600,000 per year...

Thanks to its bankruptcy filing, Ditech’s future as a subservicer is in doubt…

Bank of America reported $1.04 billion in mortgage repurchases last year, or 45.3% of the industry’s total.

Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."

Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”

Usually, mortgage banking is a counter-cyclical business, but not always...

Two nonbanks that have been steady earners reported significant losses during the fourth quarter…

In Ohio, a passive investor must obtain what’s called a residential mortgage lending certificate of approval.

And that means: two more years of hyper-partisan bickering on both sides and legislation only getting passed if there’s a bi-partisan consensus or a national emergency...

The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.