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.”

Ginnie Mae is turning off the spigot on refinances of high LTV mortgages guaranteed by the VA...

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...

Fannie has paid Treasury a stunning $181.4 billion in dividends to the U.S. Treasury compared to cash draws of $119.8 billion...

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

There’s been speculation that the Treasury Department this year would suspend the dividend payment to let the two companies build capital, a first step in an administration-backed recapitalization and release plan.

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

Complaints tied to residential servicing practices continued to dominate the filings...

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…