A Congressional Budget Office conclusion that the leading bipartisan mortgage-reform bill could save the government a lot of money likely won’t bring the legislation back to life in this Congress, but it could bolster a similar approach down the road. The CBO estimated that replacing Fannie Mae and Freddie Mac with a new securitization program that couples a first-loss position for private capital with back-end government insurance could reduce “direct spending” by $60 billion over the 2015-2024 period. The Housing Finance Reform and Taxpayer Protection Act of 2013, S. 1217, drafted by Senate Banking, Housing and Urban Affairs Committee Chairman Tim Johnson, D-SD, and Ranking Member Mike Crapo, R-ID, would establish...

Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors.

Although the Federal Reserve has tapered its agency MBS purchases significantly, the central bank continued to grow its holdings during the second quarter.

Wells and JPMorgan Chase are no longer the dominant forces they once were in warehouse lending, ceding market share to more nimble bankers...

One observer familiar with Stegman’s remarks said, “I think it’s clear that he likes what Redwood is doing in the system.”

Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...

"Wellington's going to do what Wellington's going to do," said one observer of the stock sale.

We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.

Bank of America was once again the buyback king at the midway point in 2014.

The CFPB also is working with other regulators to help ensure consistency in their examinations of mortgage lenders...