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.”

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

To ensure lenders are not adversely impacted by the outage, FHA will make adjustments to response due dates.

Altisource is headed by William Shepro, who was paid $6.1 million last year. Over the past three years, the CEO took home $15.2 million in total compensation, which includes salary, bonuses, stock and options.

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…

Meanwhile, whatever happened to all that chatter about Amazon.com buying loanDepot?

The privately held Stearns originated $4.5 billion of home mortgages during the second quarter, a 45% sequential gain…

FHFA Director Mark Calabria on Bob Ryan: “Bob’s advice and counsel during my transition have been invaluable. I greatly appreciate his service at FHFA during the past five years and his role in helping ensure liquidity and funding for the nation’s housing finance system...”

FHA's Keith Becker: “The industry and most of our lender partners are leveraging this technology now, and we have to find a way to do that as well so we can stay current with the industry’s direction..."

It stands to reason that as Fannie Mae and Freddie Mac continue to shrink, they’ll need fewer employees, right? But what about their regulator, the Federal Housing Finance Agency? If Fannie and Freddie are smaller, shouldn’t the FHFA be smaller?...