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.

Even though the Consumer Financial Protection Bureau is an independent agency, that doesn't mean it gets a pass on IG audits.

Holding fixed-rate mortgages in portfolio was considered a dangerous practice for depositories, but no more.

The FHLB's MPF Xtra program – an alternative to the legacy Mortgage Partnership Finance program – saw volumes spike to $6.9 billion in 2012.

A third non-agency, nonprime lender may come into being this year.

As part of the budget, an amendment passed the Senate that would prevent any hike in g-fees for non-housing issues.

Who is Phyllis Caldwell, and why is she being mentioned for the FHFA job?

The National Labor Relations Board announced earlier this month that it will not seek en banc rehearing in Noel Canning v. NLRB, in which the U.S. Court of Appeals for the District of Columbia affirmed that President Barack Obama’s Jan. 4, 2012, recess appointments of three members to the board were unconstitutional. “The board, in consultation with the Department of Justice, intends to file a petition for certiorari with the United States Supreme Court for review of that decision,” the NLRB said. The petition is due...

Reps. Bill Huizenga, R-MI, and David Scott, D-GA, both members of the House Financial Services Committee, have reintroduced the Consumer Mortgage Choice Act, H.R.1077, legislation that would ease the definition of points and fees that the CFPB articulated in its ability-to-repay final rule issued in January. The definition is a key factor in determining whether a mortgage is a “qualified mortgage,” which requires that fees and points not exceed 3 percent. Currently, the definition would make hundreds of thousands of...