Late this week we were hearing reports about one mortgage cooperative that was trying to strike a deal with one of the GSEs regarding pricing breaks for its members...

FHFA chief Mel Watt also points out that the sale of Fannie’s existing properties will result “in substantial additional financial benefits.”

Eventually, Fannie Mae will sell its historic HQ site at 3900 Wisconsin Avenue in Washington, DC, and making a killing on the sale...

In trading Thursday, the share price of PHH’s common stock was down almost 2.6 percent...

One trend that appears to be gaining momentum is the increased use of call centers and loan officers working at such shops who are compensated at lower commission rates…

A few months back, Nationstar was awarded a $55 billion subservicing contract from a depository…

MBA President Dave Stevens told IMFnews: “We respect the work of Glen [Corso, CMLA director] and his organization greatly...."

Merger-and-acquisition activity in the mortgage sector has been relatively mild so far this year, but suddenly the table has turned with a handful of deals announced over the past two weeks and some lenders publicly stating their intentions as buyers. And one thing seems certain: It appears that all of the acquisitions will be accomplished through “asset” purchases as opposed to the acquisition of stock, be it private shares or otherwise. Guild Mortgage, San Diego, inked…

The bid deadline on the $783 million portfolio is June 16. The other deal – heavy with Texas product – has a bid decline of June 15.

Equity Prime Mortgage of Atlanta said it’s hiring in all areas, including sales, servicing, operations and compliance…