1st Alliance CEO John Dilorio disputed the interpretation, noting that unlicensed call center workers had no ability to choose a program, lock a mortgage rate, process underwriting findings or present loan terms to borrowers.

Prior to joining Flagstar, Neufeld spent more than five years as SVP and treasurer of Mr. Cooper, where he managed the nonbank’s warehouse lines and was responsible for oversight of all treasury functions…

New Residential will assume some of Ditech’s office space and roughly 1,100 workers will be offered employment at the REIT.

Fannie Mae and Freddie Mac a political issue in the 2020 election? Not by a long shot...

Although origination volumes appear to be strong these days, some mortgage executives are already worrying about what might happen next year...

The Senate panel believes such a study is crucial before Ginnie develops a plan to fill gaps in hiring and retention.

Neither Simone Grimes nor FHFA released the details of the settlement. Mel Watt, whose term as director ended in January, has not commented.

One of the biggest speculative bets ever made in mortgage stocks is going on right now: Fannie and Freddie...

Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. 

If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...