Efforts by the U.S. Attorney for the Southern District of New York to use the False Claims Act to recoup $1 billion in losses suffered by Fannie Mae and Freddie Mac have suffered a big setback. Last week, U.S. District Court Judge Jed Rakoff dismissed claims for treble damages and penalties the federal government brought under the FCA against Bank of America as successor to Countrywide Financial for allegedly selling defective loans to the two government-sponsored enterprises while representing that the mortgages complied with their requirements. The government asserted...

Feedback from residential servicers indicates that the number of new loan modifications on mortgages in non-agency MBS this year will be near levels seen last year.

Guaranty fees need to be raised by roughly 10 basis points in order for the pricing between agency and non-agency deals to be comparable, according to a new report.

The Federal Housing Administration has streamlined requirements for permissible sources of downpayment funds, which should be a boost to borrowers using government financing.

Is the warehouse lending community closed to new subprime lenders, even if they have high downpayment requirements?

A planned MBS from Shellpoint could provide more liquidity for loans made to self-employed borrowers.

Why is the share price of Fannie Mae's junior preferred stock rising so much? Also, send Freddie Mac "back to the future"?

Fannie Mae and Freddie Mac are continuing to shrink their retained portfolios as mandated by their regulator.

The mortgage interest deduction is costing the U.S. Treasury roughly $72 billion a year.

One mortgage expert warns that lowering GSE loan limits one step at a time to $417,000 could leave parts of the residential market underserved.