If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.

Income tied to residential servicing was down 27.7 percent for the 10 lenders as a group.

As adopted, Appendix Q of the QM rule requires items to be considered and verified for the two prior years, and requires well-documented projections for the following three years.

Although 2013 will turn out to be a decent year in terms of residential production, next year could be quite ugly.

Investment funds are continuing to salivate over mortgage servicing rights.

Redwood Trust is ready to sell yet another jumbo MBS deal into the market.

Ginnie Mae President Ted Tozer said the agency wants to phase out the Ginnie I MBS program.

Although it's unlikely that Fannie Mae and Freddie Mac will engage in principal reductions anytime soon, a new report from CBO says it could do some good.

Will investors in GSE stock sue the federal government for "sweeping" earnings out of Fannie Mae and Freddie Mac? Meanwhile, PennyMac worries about its "Countrywide" problem.

Mortgage industry economists widely agree that loan origination volume is going to drop sharply in 2013 – and again next year – although there is some variation in when they expect the downturn to take hold. The consensus view of economists at Fannie Mae, Freddie Mac and the Mortgage Bankers Association is that new originations in 2013 will drop 13.6 percent from last year’s level, falling to $1.635 trillion. The consensus – a simple average calculated by Inside Mortgage Trends – predicts ... [Includes one data chart]