Standard and Poor's is fighting back against the federal government in its $5 billion MBS fraud case.

Residential lenders can rest easy: the GSEs aren't about to hike their net worth minimums. Also: the CFPB shows some love to banks.

Although Rep. Hensarling rebuffed Cordray, the CFPB chief delivered the agency’s semi-annual report to the Senate Banking Committee Tuesday morning.

The jumbo market is heating up, which means the price paid for whole loans is on the rise.

Vericrest Financial is said to be the winning bidder on a $16 billion package of mortgage servicing rights. However, the company would not comment.

ASF suggests that one way to reduce the market share of the GSEs is to hike guaranty fees once again.

PennyMac once again posted strong earnings, but the REIT's correspondent purchases are beginning to slow somewhat.

Obtaining approvals to become a GSE seller/servicer can cost you, but think of the money you can make from owning servicing rights.

The CFPB put out a report last week that highlights problems with more than 50 “senior designation” credentials that many financial advisers use to market their services to older Americans. “With such a bewildering array of titles and acronyms, it is no wonder that older Americans are confused and misled,” said CFPB Director Richard Cordray. The report “underscores the need for consistent high-level standards of training and conduct for those advisers who want to acquire a bona fide senior designation.” The report found that the...

McConnell Wants to Make ‘Reasonable’ Reforms to the CFPB. Senate Minority Leader Mitch McConnell, R-KY, told attendees at an American Bankers Association’s government relations event last week that the Dodd‐Frank Act was “a huge mistake,” and that Congress needs to mitigate the law’s harm to the banking industry – especially through the CFPB. “We need to change the structure of [the CFPB] to make it responsible to someone,” he explained. “We’ve said we need a supervisory board to which the director reports. We think the...