New Rural Housing Administrator. The U.S. Department of Agriculture has named Joel Baxley as Rural Housing Service administrator. Prior to joining RHS, he was the consulting services director and the senior real estate technical consultant with RSM US Financial Advisory Services consulting practice, where he worked on rural housing matters. Baxley has 23 years of experience in real estate finance. New CMLA Head Named. The Community Mortgage Lenders of America has named Ed Wallace to succeed retired Executive Director Glen Corso. The CMLA recently lobbied for legislation, now law, to protect FHA lenders whose compare ratios became elevated due to recent natural disasters. Private MI Provides 12-Month Rescission Relief on 100,000 Loans. National MI has granted a 12-month rescission relief on its first 100,000 loans as of the first quarter of 2018. NMI provided relief to borrowers ...

If past is prologue, Federal Housing Finance Agency Director Mel Watt might be on the job a lot longer than Jan. 6, 2019, which is when his five-year term expires. That is, if he wants to stay.

Come June, Fannie Mae will cut a new dividend check to Uncle Sam...

Compared to March 2017, the combined nonbank servicing business was up 14.7 percent, while banks in the top 50 saw a 2.4 percent decline from a year ago.

Roughly two years ago, Annaly bought Hatteras Financial, Winston-Salem, NC, in a deal valued at $1.5 billion.

The NAR is hoping that a cut in g-fees (and LLPAs) ultimately will be passed down to consumers – who buy homes from NAR’s members.

Nonbanks played an increasingly important role in the mortgage servicing business during the first quarter of 2018, according to an analysis and ranking by Inside Mortgage Finance. [Includes two data charts.]

Nonbank mortgage lenders have been reporting weak profit margins since January, a situation that has some in the industry alarmed while others believe that as originations increase in the months ahead the tough times will dissipate.

The House of Representatives appears ready to pass the Senate’s regulatory relief bill sometime this month while still planning to push for more revisions to the Dodd-Frank Act.

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, is thinking about ending public disclosure of the agency’s controversial consumer-complaint database. The idea is consistent with his goal of limiting the bureau to activities that are specifically required by law.