General Electric is exploring the possibility of a settlement with the Department of Justice to resolve an ongoing federal investigation of its discontinued pre-crisis subprime mortgage business, known as WMC.

Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included.

Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons.

In January, the government-sponsored enterprises and Ginnie placed their guarantees on $102.48 billion of new single-family MBS, a modest 6.9 percent decline from December.

Wells Fargo serviced $287.5 billion of jumbo mortgages as of Dec. 31, ranking first overall…

PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.

The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank.

Expanded-credit MBS issuance could top $12 billion this year…

Is the White House listening to the AEI on GSE reform?

Flagstar Bank and NewDay Financial said they have policies and procedures in place to prevent churning, or serial refinancing…