The supply/demand outlook for the mortgage market changed in the blink of an eye on Wednesday with the unexpected Federal Open Market Committee (FOMC) announcement that the Federal Reserve will once again be buying MBS starting on Oct. 3.

The Federal Housing Finance Agency (FHFA) is still falling short when it comes to keeping a watchful eye on Fannie Mae and Freddie Mac.

Only months after expanding with new hires, BTIG has made large cuts to its high yield sales and trading group.

Lewis S. Ranieri, the pioneer of MBS, is proposing a fix for the housing mess that he arguably had an inadvertent hand in creating.

Closing in on the one-year anniversary of its bankruptcy filing, Ambac Financial Group has filed a new reorganization plan that all parties involved have agreed on.

Discover Financial Services is stepping away from its recent M&A binge and trying to grow the old-fashioned way: by developing new businesses itself.

Several large Wall Street firms that played a key role in financing nonprime lenders this week asked a federal judge to dismiss a nearly $2 billion civil fraud lawsuit filed by the trustee of Thornburg Mortgage, the now defunct Jumbo/super Jumbo lender.

House and Senate appropriators are giving Ginnie Mae more flexibility to increase its staff despite Congressional emphasis on budget cutting and reducing deficits.

The Federal Reserve Thursday morning released its 2010 Home Mortgage Disclosure Act (HMDA) database, concluding that a drop in the maximum GSE loan limit to $625,500 (from $729,750) will have only a "small" impact on mortgage originations going forward.

At year end 2010 Bank of America had $2.3 trillion in assets, $230 billion of capital, 57 million customers, ranked among the top firms in nearly every major growth market in the U.S., employed 288,000 people, made $150 billion of community development loans a year, donated $200 million to charity annually, and was one of the largest home lenders in the nation.

CastleOak Securities has hired two professionals for its fixed-income sales department, the firm said today.