The U.S. Supreme Court gets another crack at deciding whether plaintiffs can bring a disparate-impact lawsuit under the Fair Housing Act (and by extension, the Equal Credit Opportunity Act), a question that has divided courts, lenders and consumer advocacy groups for years. The court’s partial grant of the petition in the Texas case would be its third opportunity in two years to rule on the controversial question. Two prior cases raising that issue, Township of Mount Holly v. Mt. Holly Gardens Citizen Action, Inc. and Magner v. Gallagher, were both settled before oral argument could be presented before the court. SCOTUS has agreed...

Another refi boomlet? One Long Island-based mortgage executive told us this: “Locks doubled from the day before and are up 30 percent over the previous 10 days”…

Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private."

New York Law School professor Richard Epstein took issue with Judge Lamberth’s ruling that HERA doesn’t take away any “cognizable property rights.”

In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.

Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?

More clarity on the matter is expected later this month when Ginnie is set to release new guidance at the annual convention of the Mortgage Bankers Association.

Are Fannie Mae and Freddie Mac executives just wage slaves? And is there something wrong with that?

There have been some reports – unconfirmed – that some Wall Street firms are considering extending “repo” lines to non-QM funders, but that hasn’t happened yet.

Quick question: What’s the difference between student loan debt and mortgage debt? One is impossible to extinguish by going through bankruptcy.