Through the first nine months of the year, mortgage banking income was up 20.9 percent from the same period in 2017.

According to a statement issued by Ocwen, while at Fannie Yanoti was responsible for developing the common securitization platform.

Cowen believes Mnuchin will survive the turbulence but notes the situation still poses a risk to Fannie Mae, Freddie Mac and the big banks…

Servicers working with distressed borrowers now have fewer loan modification options due to higher mortgage interest rates.

At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac have simplified policies on short sales and deed-in-lieu of foreclosures. The new policies are intended to mitigate losses for the government-sponsored enterprises and servicers by spelling out when servicers can consider borrowers for these actions and what documentation is necessary.

A Chicago-based specialty mortgage servicer is combining crowdsource funding and loss mitigation to help homeowners facing foreclosure keep their homes while at the same time encouraging investors to be socially responsible. AHP Servicing recently announced a $50 million offering under Regulation A of the federal Jumpstart Our Business Startups Act, to help distressed homeowners avoid foreclosure. Reg A is one of several exemptions under the JOBS Act that excludes firms from ...

The rise in home prices is boosting the payouts mortgage holders will see from loans that included principal forbearance as part of a modification. According to an analysis by Fitch Ratings, the current overall recovery rate for outstanding forbearance amounts on loans in non-agency mortgage-backed securities is estimated at 19.0 percent. Principal forbearance, or principal deferral, has been one of the most common loan modification tactics in the years after the financial crisis. It allows a ...

The largest gain among the 14 companies was 3.6 percent, the largest decline -5.6 percent.

Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...

While the goal of a stronger MRB is not new, it has taken on a new urgency in discussions between HUD and DOJ...