HUD is investigating reports that a loan officer of an approved FHA lender had participated in a reverse mortgage borrower’s counseling session, a practice HUD frowns upon.

Roosevelt Management Co. was the winning bidder on Arch Bay Capital’s nonperforming loan portfolio, which includes roughly 4,000 distressed loans.

Nationstar Mortgage priced $300 million of asset-backed term notes, saying the deal marks the first ever “agency servicer advance securitization.

Fannie Mae and Freddie Mac saw a noticeable decline in HARP activity during the final months of 2012, according to a new Inside MBS & ABS analysis.

A large and potentially lucrative RFP issued several months ago by FHFA regarding its strategic plan for taking the GSEs to the next stage in their evolution has yet to be awarded.

Underwater homeowners who have remained current on their payments will be able to relinquish their houses and cancel their debt under the terms of a new GSE policy change to take effect in March.

The CFPB soon will offer a hotline for lenders to call with questions about the ability-to-repay and “qualified mortgage” rules.

The recent court ruling which called into question the legitimacy of certain recess appointments – including that of CFPB director Richard Cordray – also means the agency may not have any regulatory oversight over nonbanks.

It appears the “ability-to-repay” rule is good news for mortgage servicers.

Residential production increased modestly during the fourth quarter of 2012, according to a new Inside Mortgage Finance ranking and analysis.