Bids on both packages are due later in the week.

Since the CFPB was born, the cost to originate a home mortgage has exploded...

The bigger issue was a sharp drop in net servicing income…

Several large banks accept the current acknowledgement agreement, while others avoid it like the plague.

The Community Mortgage Lenders of America said the bill strikes a balance of maintaining safe lending while freeing up resources so more consumers can obtain a mortgage.

Who is Silver Point and why does it now own so much of PHH?

FHFA Publishes Update to Proposed Duty To Serve Rule: This week the Federal Housing Finance Agency provided an update to its proposed duty to serve rule in the form of summaries of roundtable meetings it held with various groups in April and May, On April 19 and May 2, FHFA said it met with rural housing market stakeholders. On April 20, it met with consumer groups, civil rights groups, affordable housing advocates and energy efficiency stakeholders, on April 25, FHFA met with financial service stakeholders, and on April 26, FHFA met with members of the manufactured housing industry.

The Federal Housing Finance Agency is seeking to prevent GSE shareholder and director of Investors Unite, Tim Pagliara, from inspecting the corporate records of Fannie Mae and Freddie Mac.Pagliara filed a lawsuit in state courts in March hoping to gain access, as an individual stockholder, to the GSEs’ records to determine the circumstances surrounding the sweep. Fannie, incorporated in Delaware, and Freddie, incorporated in Virginia, both denied his request to review the records earlier this year. Pagliara then argued that his rights as a shareholder were denied for “no legitimate basis.” This week, the FHFA filed a motion to substitute itself for Pagliara and remove...

Most voters are not happy with housing and mortgage access and favor more government intervention, according to a national housing poll of 1000 likely voters released last week by Investors Unite. More than half of those familiar with Fannie Mae Freddie Mac, 55 percent, had a favorable view of the mortgage giants. The survey was done in late June by Douglas Schoen, founder of Schoen Consulting,a pollster and democratic campaign consultant. It included views on homeownership, housing policies and the GSEs. He said the desire for policy change is “widespread and urgent.”