It appears that many lenders may have what is known in the industry as “redundant reserves”…

Progressives are worried that in 2019 a new Federal Housing Finance Agency director will takeover, undoing much of what they like about the current system…

Wells Fargo, Quicken, and United Wholesale Mortgage are the top three firms originating these low-downpayment loans…

“It is certainly not a coincidence that these lies are being peddled once again as the Senate Banking Committee resumes its work this Congress on reforming Fannie Mae and Freddie Mac,” said Mica Johnson, Sen. Bob Corker’s communications director.

The GSEs are expected to assess the current mortgage servicing business model and develop plans to support liquidity in the mortgage servicing market.

The FHFA noted that if another credit scoring model is introduced, the entire mortgage finance industry will incur increased operation and transition costs…

Bill Banfield, EVP of capital markets for Quicken, said he’s noticed an increase in the use of the conventional low-downpayment programs this year….

The FHFA noted that divergence in prepayment rates could occur if the GSEs fail to align programs, policies, and practices…

The panel approved the bill on a partisan vote of 33 to 27. It was one of 13 bills advanced by the panel…

MBA: Fannie and Freddie should only undertake those activities that support secondary market liquidity…