The White House this spring is expected to officially nominate Michael Bright, acting president of Ginnie Mae, to formally become the agency’s chief, according to industry officials

A new report from the Federal Reserve Bank of New York says the credit-risk transfer programs launched by Fannie Mae and Freddie Mac a few years ago have helped stabilize the mortgage securities market.

Higher mortgage interest rates are squashing the refinance sector…

Six lenders were deemed by BRAWL to be true partners, including Plaza Home Mortgage and United Wholesale Mortgage…

Donald Lampe, a partner in Morrison & Foerster, said: “the basic design of the no-action letter process was not very effective from day one,” because of excessive burdens it imposed on applicants.

Before going into government service, Bright co-authored a housing-finance reform paper with former Federal Housing Finance Agency Acting Director Ed DeMarco…

The Federal Reserve has a name for the credit quality of nonbanks: junk.

Ocwen Financial plans to resume growing its servicing and originations business by acquiring PHH. The transaction is scheduled to close in the second half of this year. Ocwen plans to acquire PHH with $360.0 million in cash and assume $119.0 million of outstanding corporate debt. According to Ocwen, there will be enough cash on PHH’s balance sheet to fund $260.0 million of the $360.0 million purchase price. Both companies have been struggling ... [Includes one data chart]

The Senate started consideration this week of a regulatory reform bill that includes a provision to expand the definition of qualified mortgages. The bill has some bipartisan support and could pass the Senate, with companion legislation potentially approved by the House later this year, according to industry analysts. The Senate next week is scheduled to resume consideration of S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which would loosen ...

With comprehensive housing-finance reform looking unlikely to be passed by Congress anytime soon, some industry analysts project that the Trump administration will take administrative actions to shrink the roles of the government-sponsored enterprises. Under a plan detailed last week by the American Enterprise Institute, the GSEs could be eliminated over time without legislation, with the non-agency market filling the void. The “Taxpayer Protection Housing Finance Plan” was ...