Fannie/Freddie "noncore" loans include conforming jumbos, mortgages with debt-to-income ratios greater than 43%, investor loans/second properties and cash-out refinances...

In a new report to its shareholders, Fairholme Capital Management notes the fund it manages owns a 4% position in the preferred shares of Freddie, “which currently trade at less than half of stated liquidation values, implying potential current yields of over 14% per annum.”

Ginnie Mae is turning off the spigot on refinances of high LTV mortgages guaranteed by the VA...

PennyMac remained the largest nonbank servicer of agency loans with $325.12 billion on its books at the end of June…

Fannie has paid Treasury a stunning $181.4 billion in dividends to the U.S. Treasury compared to cash draws of $119.8 billion...

One potential solution to the nation’s huge deficits: a transition tax on trades of stocks and bonds, including MBS...

There’s been speculation that the Treasury Department this year would suspend the dividend payment to let the two companies build capital, a first step in an administration-backed recapitalization and release plan.

You can bet that President Trump will tweet something out about the FOMC decision shortly after it happens…

Stearns Lending founder Glenn Stearns will star in a reality TV series called “Undercover Billionaire,” premiering August 6. Stearns will be dropped off in a U.S. city (Erie, PA) with $100 in his pocket. The goal: to create a million-dollar enterprise from scratch in 90 days…