Speculation continues to mount regarding whether Fannie Mae and Freddie Mac will be allowed to retain more capital. But will such a move be a precursor to a "recap and release" plan?
A federal judge ordered Quicken Loans and the government to find a way to settle a closely-watched False Claims Act case involving FHA-insured mortgages.
The sharp downturn in purchase-money loans going into Fannie and Freddie MBS was accompanied by an even bigger drop in deliveries of loans with private mortgage insurance.
JPMorgan is reviewing its strategy in the mortgage industry. The reason: owning real-estate loans has become hugely unprofitable for banks due to onerous and unnecessary requirements. HomeStreet Bank said it has found buyers for its MSR and home-loan centers.
The flow of single-family home loans into agency mortgage-backed securities fell sharply in the first quarter of 2019. Fannie Mae, Freddie Mac and Ginnie Mae produced $231.38 billion of new single-family MBS during the first three months of 2019, according to a new Inside Mortgage Finance ranking and analysis.
Over the past month, residential lenders have been cheering the bond market rally, racking up new applications and signaling better days in the here and now.
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