The House Financial Services Committee agreed to make key changes to flood insurance reform legislation clearing the way for industry groups to endorse the bill. The committee’s most recent draft includes provisions that would retain “grandfathering,” a policy that protects policyholders from significant rate increases when the Federal Emergency Management Agency periodically revises its flood maps, and allow federal flood insurance coverage of new homes built in 100-year floodplains. The committee also proposes...

The Trump administration and many Republicans in Congress are working on tax-reform legislation that could have a significant impact on the utility of the mortgage interest deduction, prompting warnings from the National Association of Realtors. “The decimation of the mortgage interest and real property tax deductions would very likely cause a significant plunge in the value of all houses,” said NAR President William Brown in a recent letter to Sen. Orrin Hatch, R-UT, chairman of the Senate Committee on Finance. Currently, homeowners who itemize their deductions can exclude...

Wells looks to up its originations by boosting IO jumbos.

Citadel is definitely feeling good about whole loan execution these days.

Only two lenders have consistently provided more than 5.0 percent of the dollar volume in jumbo MBS Redwood has issued this year: First Republic Bank and Quicken Loans.

HUD's MRB suspends Seckle Capital.

The U.S. House of Representatives voted Tuesday overturn the Consumer Financial Protection Bureau’s controversial arbitration rule...

The nation’s megabanks reveals a mixed bag when it comes to residential originations.

More emails and memo have been unsealed in favor of Fannie Mae and Freddie Mac shareholder lawsuits.

Ocwen partners with other groups to help prevent foreclosures.