Severely delinquent Fannie Mae/Freddie Mac borrowers may get a shot at a streamlined refi under a new program unveiled Wednesday.

Try as they might, the government cannot keep a good MI program down. FHA endorsements rose almost 19 percent in January.

Urban legend: mortgage lenders are beginning to loosen loan standards. Well, maybe only for "rich" clients.

In spite of the influx of new human resource assets, banking regulators have a mixed effectiveness when it comes to compliance with their own Dodd-Frank obligations.

Moody’s said the JPMorgan Mortgage Trust 2013-1 has a weak representations and warranties framework, a restrictive rep and warrant enforcement mechanism and a lack of risk retention by Chase.

When Fannie Mae and Freddie Mac work with counterparties, they have contractual agreements that loans sold to them comply with federal and state laws governing the origination and servicing of mortgage loans.

Interest-only lending picked up steam in 2012 despite new regulations that make the loans less attractive from a 'qualified mortgage' point of view.

One loan officer was lured away by an offer of making $20,000 per month, Inside Mortgage Finance was told.

The Biggest Threat to Credit Unions? The CFPB. During “Regulatory Update Day” at the National Association of Federal Credit Union’s Regulatory Compliance School last week, NAFCU General Counsel and Vice President of Regulatory Affairs Carrie Hunt said, “The CFPB is the biggest threat to credit union operations.” Mortgage Market Needs Confidence, Reliability Restored. “This country has a tremendous need to restore confidence and reliability to the mortgage market, which as you know is the single largest market for consumer finance,”...

Grassley Can’t Get a Vote on Independent IG. As the Senate was wrapping up its calendar before its spring break with an extensive amount of work on a budget, Sen. Chuck Grassley, R-IA, was pushing a non-binding amendment calling for the creation of an independent inspector general at the CFPB – a role currently being filled by the Federal Reserve Board Office of Inspector General. An aide to Grassley said his amendment was not able to get called up for a vote, due to the sheer volume of amendments being advanced by members...