The agency is looking for a financial advisor to help in its efforts to remove the government-sponsored enterprises from conservatorship.

The industry is bracing for another round of negative servicing marks tied to MSRs. However, strong origination results for the third quarter should buffer the carnage.

Analyst Richard Bove thinks the new net worth sweep agreement is just a gimmick because the liquidation preference on Treasury’s preferred stock will offset any increase in the GSEs’ capital buffers.

Origination pipelines remain full and lenders, for the most part, are feeling optimistic about profits. Can it last? Probably, as long as rates remain low.

With the CFPB ceasing to defend its constitutionality, financial institutions are challenging the bureau’s enforcement actions.

Mortgage vendor Altisource this week closed its consumer advisory service Owners.com, even though home sales and originations remain brisk.

Underwriting standards vary sharply for investment-property loans delivered to the GSEs and those sold into non-agency MBS.

Fannie and Freddie can keep more of what they earn thanks to a new Treasury/FHFA edict, but buying stock in the two companies remains a dicey proposition.

Remember when rates ticked up a few weeks ago? Forget about it. Rates fell again, applications are strong and pipelines are full.

Witnesses at a House subcommittee hearing on the reverse mortgage program called for improved servicer oversight, mandatory loss mitigation for new HECMs and a new risk rating system.