State regulators said OCC’s proposals seeking to preempt state interest-on-escrow laws exceed its authority and ignore legal precedent.

AARP filed a class action against Celink and some of its clients, alleging they charged reverse mortgage borrowers onerous fees in violation of state and federal laws.

The president wants to address housing affordability but also wants home prices to remain high because it has made a lot of people wealthy.

More buyers are securing homes for less than asking prices as a buyer’s market persists, even as median list prices creep up.

The Mortgage Bankers Association said a move to a single-file credit system at Fannie and Freddie wouldn’t undermine government lending programs, but might instead encourage them to follow suit.

The Mortgage Bankers Association joined a growing chorus of industry groups calling for FHA to revisit its mortgage insurance premiums following a strong show of the Mutual Mortgage Insurance Fund.

Ginnie Mae launched pilot applications of artificial intelligence in its operations last year as it works to speed up its transition from pool- to loan-level operations.

The Department of Veterans Affairs withdrew a three-year-old advance notice of proposed rulemaking that sought feedback on the incentives provided to VA servicers for loss mitigation.

FHA formalized its requirements guiding sales of beneficial interest between FHA-approved parties, while Ginnie reminded issuers that mortgages involved in such sales are prohibited from its MBS pools.

Rep. Maxine Waters, D-CA, last week questioned HUD Secretary Scott Turner over sales of distressed assets to corporate buyers, which run counter to the Trump administration’s recent effort to push back on homebuying by institutional investors.