A housing lobbyist added that, “Right now it’s a matter of timing. Will in come in October or a little later than that?”

In May, Sen. Bill Nelson, D-FL, flagged the disturbing consumer credit reporting practice of lumping a short sale within the same industry code as a foreclosure in consumer credit reports.

The collateral backing the new Redwood bond is exclusively 30-year fixed-rate loans without interest-only terms.

FHA is seeing its cash reserves increase more than expected. Meanwhile, yet another mortgage vendor is laying off workers.

The former Encore Mortgage executive said he will concentrate on lower FICO score lending, in particular what he calls the “B&C” market.

Today, Fannie Mae/Freddie Mac g-fees average 50 to 55 basis points compared to 24 bp back in 2009.

MountainView Servicing Group has set a bid deadline of August 29 on the Fannie Mae/Freddie Mac MSRs.

It appears that mortgage bankers are beginning to liberalize, somewhat, the credit scores they're willing to accept on FHA loans.

EverBank also will evaluate each eligible borrower still in the process of foreclosure for a new loan modification.

Bureau to Evaluate Effect of Bundled Financial Products on Economically Vulnerable Consumers. Earlier this month, the CFPB published a notice and request for comment indicating it plans a data collection and review of bundled financial products and services in order to understand their effects on the financial decision-making of economically vulnerable consumers in the United States, especially as it relates to asset building and financial capability. Comments are invited on whether the collection of information is necessary for...