In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.

At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…

This observer, requesting anonymity, said bluntly that the MBS “trade” is over, a summation that is bolstered in part by so many Wall Street firms either closing their trading desks or scaling back...

Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.

It's the first time since 2008 that the MMIF has had a capital ratio north of the congressionally mandated 2 percent minimum.

The number of young vets has risen while the 35- to 64-year-old bucket has shrunk...

A nationwide roll out of the small-balance product starts next year.

So, will the FHA cut the MIP? Absolutely not, at least not at this time.

Some believe the FHA MMIF minimum capital standard should be 4.5 percent, not 2.0 percent.

With the mortgage lending industry’s use of marketing services agreements under the Real Estate Settlement Procedures Act likely hanging in the balance, the CFPB detailed its anti-kickback legal arguments against PHH Corp. and its mortgage units in its “reply” brief with the U.S. Court of Appeals for the District of Columbia, filed earlier this month. In PHH Corp., et al., v. CFPB, the first main argument the bureau made is that PHH violated RESPA Section 8(a) because it entered into agreements with mortgage insurers so that whenever an insurer received a referral from PHH, the insurer paid PHH a kickback in the form of premiums for mortgage reinsurance. “PHH thus committed a separate violation every time it accepted a kickback ...