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.

Castle & Cooke Mortgage, a $1 billion-plus-a- year lender, is set to break ties with Eli Global, an insurance conglomerate whose chairman, Greg Lindberg, was indicted in North Carolina this week.

California and Florida product account for 44% of the receivables…

Ditech continues to point out in SEC filings that trading in its securities is “highly speculative and poses substantial risks.”

Although Fannie and Freddie were taken over by the government in the fall of 2008, the two have been wildly profitable – with a few bumps along the way – since 2012.

Anne Tompkins, Lindberg's attorney, said her client is “is innocent of the charges in the indictment and we look forward to demonstrating this when we get our day in court.”

“Refinance borrowers with larger loan balances continue to benefit, as we saw another sizeable increase in the average refinance loan size to $438,900 – a new survey record,” said MBA’s Joel Kan…

With Fannie and Freddie earning so much money these days (and returning almost all of it to Uncle Sam) haven’t the two earned the right to lobby Congress regarding their future?

Ditech said its advisors and debtors have created a “key employee incentive program” (KEIP) valued at $2.5 million to pay “base” employees “who are largely responsible” for operations...

The letter does not specify what these new policies might be. Some type of administrative reforms, perhaps?