Members of the House Financial Services Committee this week approved a bill that would sus-pend Fannie Mae and Freddie Mac contributions to the Housing Trust Fund if the government-sponsored enterprises don’t pay dividends to Treasury. The panel approved the bill on a partisan vote of 33 to 27.

The Supreme Court of the United States recently refused to take up a case that would have ad-dressed a split in the lower courts regarding mortgage underwriters and overtime. With conflicting cir-cuit court opinions on the matter, lenders face regulatory uncertainty about whether underwriters are entitled to overtime.

IberiaBank of Lafayette, LA, has agreed to pay $11.7 million to the federal government to resolve an alleged violation of the False Claims Act by submitting false certifications to obtain FHA in-surance on ineligible mortgages.

If lenders shift from traditional appraisals to automated valuation models, there could be an im-pact on loan-to-value ratios and loan balances for new originations, according to CoreLogic. The firm found that traditional appraisals done when a mortgage is originated are less likely than AVMs to reach a value below the contract price.

The CHLA repeated its plea that FHFA Director Mel Watt withhold GSE dividend payments to Treasury and allow Fannie and Freddie to build capital…

Another contributing factor to slower sales: Concerns about how the pending GOP tax bill might hammer the asset value of servicing rights...

The way things stand today, the tax bill could be on track for final approval as soon as next week.

CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.

Moody’s noted that mortgages acquired by Chase’s jumbo conduit have performed exceptionally well…

Citadel CEO Dan Perl: “We’re on a hiring spree.”