In a new report to its shareholders, Fairholme Capital Management notes the fund it manages owns a 4% position in the preferred shares of Freddie, “which currently trade at less than half of stated liquidation values, implying potential current yields of over 14% per annum.”

Large nonbanks the likes of UWM, Quicken and loanDepot are hiring but overall, the mortgage employment figures for June were not particularly strong...

A political appointee, Eric Blankenstein worked at the CFPB for 18 months as policy associate director of supervision, enforcement and fair lending. He resigned in May of this year and now works at HUD...

One potential solution to the nation’s huge deficits: a transition tax on trades of stocks and bonds, including MBS...

You can bet that President Trump will tweet something out about the FOMC decision shortly after it happens…

Stearns Lending founder Glenn Stearns will star in a reality TV series called “Undercover Billionaire,” premiering August 6. Stearns will be dropped off in a U.S. city (Erie, PA) with $100 in his pocket. The goal: to create a million-dollar enterprise from scratch in 90 days…

How much do mortgage CEOs at private firms earn each year? We’ve been asking around of late and the answers we received offer a wide range... 

Across the board, lenders are reporting stellar origination growth from the first to second quarters of the year, but the last two application surveys from the Mortgage Bankers Association showed weekly declines of 1.9% and 1.1%, respectively…

According to new figures released by Black Knight, mortgage prepayments declined by 7.5% in June despite mortgage rates being under the 4.0% threshold. The data analytics firm said it was the first decline in prepays in five months. Go figure…

Lending Tree is not an originator as such, but acts as a middleman between originators and funders. Its menu includes not only residential mortgages but auto and business loans, credit cards and student debt.