Fannie Mae provided no additional information on the departure, which sounds temporary in nature.

KBW, by the way, has set a $1 per share price target for both Fannie and Freddie.

Mortgage companies that fall under the heading “real estate credit” actually cut 300 employees during the month, leaving the sector with 211,700 full-timers.

If Fannie and/or Freddie have a negative net worth, investors wouldn’t buy their MBS and if investors don’t buy their MBS we would have financial Armageddon…

At Impac, Mangiaracina will split his time between the nonbank’s headquarters in Irvine, CA, and New York where the company has just opened a new satellite office.

In a new regulatory filing Bill Erbey's Salt Pond is described as a provider of merchant banking services.

HARP volume fell a stunning 75.9 percent in 2014. So is it time to stick a fork in the program and call it a day?

In less than 10 months, a volume-heavy private-label origination deal that PHH Mortgage has with Wall Street giant Merrill Lynch is set to expire, potentially blowing a hole in its production machine. According to a recent filing with the Securities and Exchange Commission, PHH acknowledges that “there can be no assurances that the agreement will be renewed on favorable terms, if at all.” If the deal were to be cancelled, PHH could see...

The most aggressive bidders for high-performing mortgage loan officers are nonbanks, which have been steadily stealing market share away from the megabanks...

Although George Ellison’s salary was not disclosed in the press release announcing his employment with the company, a subsequent filing provided details: $450,000 per year, another $450,000 in incentive bonuses...