Fannie Mae provided no additional information on the departure, which sounds temporary in nature.

KBW, by the way, has set a $1 per share price target for both Fannie and Freddie.

Mortgage companies that fall under the heading “real estate credit” actually cut 300 employees during the month, leaving the sector with 211,700 full-timers.

CHLA lists four specific concerns about the proposed capital rule, including a complaint that a 25 basis point “add on” (based on UPB) is too “severe.”

Cerberus hasn’t had the best track record with its mortgage investments over the years...

The seller was not identified by Phoenix, but in the offering circular the firm is identified as “an independent mortgage banker established in 1990.”

If Fannie and/or Freddie have a negative net worth, investors wouldn’t buy their MBS and if investors don’t buy their MBS we would have financial Armageddon…

At Impac, Mangiaracina will split his time between the nonbank’s headquarters in Irvine, CA, and New York where the company has just opened a new satellite office.

In a new regulatory filing Bill Erbey's Salt Pond is described as a provider of merchant banking services.

HARP volume fell a stunning 75.9 percent in 2014. So is it time to stick a fork in the program and call it a day?