Fannie Mae and Freddie Mac may take action to recover deficiencies from a defaulting mortgage borrower if permitted by federal or state law.

Citadel Servicing CEO Dan Perl said "the phones are ringing like a son-of-a-gun" at his nonprime lending shop.

Loan officers, so far, have been spared the layoff carnage, but that may change depending on where volumes wind up.

HUD declined to discuss the contents of the proposed standards or indicate a timetable for a final QM rule.

The industry believes there are problems in the QM rule's content and requirements as well as in developing policies and procedures to support the measure and implement it.

Wall Street will hit the halls of Congress on the issue of eminent domain. Meanwhile, these lenders are refi-heavy: Wells Fargo, Chase, and Quicken. See our exclusive list.

Brokers and others who do business with Nationstar Mortgage said they’ve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.

Fannie Mae and Freddie Mac will not earn a ton of money forever. Or will they?

Will private mortgage insurance firms continue to steal market share from the FHA? It certainly looks that way.

A compare ratio north of 150 percent will land a lender on HUD’s watch list. A ratio greater than 200 percent could result in disciplinary action and potential loss of FHA approval.