Fannie Mae has significantly ramped up its nonperforming loan sales in 2016, while Freddie Mac is running slightly behind the pace it set in 2015. Fannie offered $4.69 billion of NPLs through the first nine months of this year, compared to $2.78 billion for all of 2015. The government-sponsored enterprise announced five more pools totaling $1.39 billion up for sale this week, moving the year-to-date total to $6.08 billion. The latest sale is...

Two FHA lenders in Utah have agreed to pay the federal government a total of $9.25 million to resolve allegations they violated the False Claims Act in connection with badly underwritten FHA-insured loans that later resulted in losses to the FHA insurance fund. Primary Residential Mortgage Inc. (PRMI) and SecurityNational Mortgage Co. became the latest statistics in the government’s effort to prosecute lenders whose practices result in losses to the FHA insurance fund. The two lenders have agreed separately to $5.0 million and $4.25 million settlements, respectively, without admitting to any fault or liability for the failed loans. In separate complaints, the Department of Justice accused...

Looks like private MI firms gained market share in the third quarter…

“It is critically important for the GSEs to develop and implement additional CRT structures that are accessible to lenders of all sizes and business models in order to avoid reconcentration of the origination and servicing market,” writes MBA President Dave Stevens.

A $5 billion Ginnie Mae MSR sale could be in the works...

The attorney who argued the case for PHH is Theodore Olson, former Solicitor General of the United States.

Of the top five mitigated findings, two were related to borrower assets, two were about documentation and one about borrower credit.

Is Caliber Home Loans still looking at some of PHH’s mortgage assets?

Wells Fargo’s mortgage chief Franklin Codel is getting some new duties...

Under the proposal, consumers can rate a company’s response on a scale from one to five…