Maxine Waters is working on a GSE reform bill that likely will garner strong industry support, unlike Rep. Hensarling's PATH Act.

Mortgage loan officers have been spared from lay-offs. But how long will it last? Brokers get dismissed again?

At an investor conference in New York this week, officials from Wells Fargo predicted that residential originations at the bank will fall 30 percent this quarter on a sequential basis.

Over the years, HUD has seen a steady decline in its staffing level – perhaps to its lowest level ever, in fact – while at the same time being called upon to administer an increasing number of programs.

With the deal, $5.3 billion in mortgage servicer advance ABS will have been issued this year, according to the rating service.

The program is intended to provide smaller mortgage lenders that lack direct access to the secondary mortgage market with another option for their home buying customers.

Not only is Stonegate Mortgage going public, but it plans to issue jumbo MBS as well.

Thursday, Sept. 12: Now that Richard Cordray is “street legal” as the confirmed director of the CFPB, House Financial Services Committee Chairman Jeb Hensarling, R-TX, has decided to invite him before the panel to testify on the bureau’s third semi-annual report to Congress, which was released back in late March and covers the period from July 1, 2012, to Dec. 31, 2012. “The director of the CFPB is required by law to appear before the committee on a semi-annual basis to deliver a report on the CFPB,” says a hearing notice on the...

As of June 30, 2013, the end of the third quarter of fiscal year 2013, the CFPB had received $323.2 million in transfers from the Federal Reserve, far below the $598 million the bureau is entitled to in funding under the Dodd-Frank Act, according to the CFPB’s latest financial update. Of the $308 million it spent, approximately $140.2 million was allocated to employee compensation and benefits for the 1,226 employees on board by the end of the quarter. Other than payroll expenses, the largest obligations for the quarter were...

The American Bankers Association recently urged the CFPB to withdraw a generic clearance under the Paperwork Reduction Act for “information collections” – intake forms, questionnaires and other documents – related to its consumer complaint system, arguing that the request covers “substantial policy issues” that should be subject to public review and comment. Specifically, the CFPB is seeking generic clearances for information collections that will permit it to pilot new consumer complaint and inquiry intake forms; to gather...