Roughly $148 billion of single-family agency MBS were issued last month, down almost 3 percent from April’s level. May was the slowest month for agency MBS issuance so far in 2013.

Among the many allegations, the plaintiffs charge that the seizure of Fannie and Freddie was “unlawful and unwarranted” and represents an unconstitutional violation of due process which cost investors billions of dollars.

One banker said her institution might opt to do only non-Qualified Mortgage lending, just for simplicity’s sake.

When interest rates rise, so do the value of mortgage servicing rights.

In a new filing with the SEC, Walter Investment said it discovered that its new reverse subsidiary had failed to record certain servicing errors.

Will cash-out refinancings ever return? Meanwhile, a new petition posted on the White House website that might helps GSE shareholders is taking off.

Community banks are getting slapped with a "low activity" fee from Freddie Mac and the ICBA is not happy.

Thanks to rising interest rates, the book value of mortgage servicing rights increased in the first quarter. Could more sales be on the way?

The Consumer Financial Protection Bureau has issued two new compliance guides but is warning that they are not substitutes for the underlying rules.

The Federal Housing Finance Agency would see the 12 Federal Home Loan Banks come up with their own internal credit rating system under a proposed rule issued by the FHFA two weeks ago. Published in the May 23 Federal Register, the Finance Agency proposal would remove a number of credit rating references and requirements in certain safety and soundness regulations affecting the FHLBanks. FHFA regulations require the FHLBanks to assess the credit-worthiness of a security or money market instrument that either the Bank is considering investing in or the Bank is helping another financial institution invest in.