"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
The nation's largest mortgage lender last year beat its nearest competitor handily, originating more than twice as much new business
A major lender has shut down its wholesale division, but has said it will focus its efforts on correspondents
Several of the country’s leading mortgage insurers have announced the launch of a new trade association for the industry
Fannie Mae and Freddie Mac could be cash cows for the government if they stay under federal conservatorship, according to White House budget estimates
Americans have a positive overall outlook on housing despite a decrease in optimism from a month ago, according to new data from Fannie Mae
The whistleblower who brought JPMorgan Chase to its knees is getting a $63.9 million payday