Non-agency MBS sponsors will be allowed to retain the risk portion on vertical or horizontal tranches of the security or a combination of the two.

In defining misrepresentations, FHFA will set a minimum number of loans that must be identified with one of the six trigger elements.

What does IBM have to do with the mortgage business? Actually quite a bit, IBM is one of Fannie Mae’s largest technology vendors...

This could mean lenders would require borrowers to lock interest rates only during business hours or even early in the day.

Buyers of “bulk” Ginnie mortgage servicing rights will have to meet the test by January 2015.

Charbonneau, Klein and other advisors report that mortgage M&A activity is the strongest it has been in years.

It’s not clear whether the rest of the industry will push the third-quarter origination results higher.

The Consumer Financial Protection Bureau is poised to formally launch its e-closing pilot project shortly, with an eye towards simplifying the mortgage closing process for both borrowers and lenders and eliminating many of the “pain points” associated with it. “We are looking to kick off the pilot later this year and run it for about three months,” said Brian Webster, program manager for the bureau’s Office of Mortgage Markets, during a meeting of the CFPB’s Community Bank Advisory Council ...

Credit Plus, a provider of credit verification and automated loan file review services, has announced a new software application that will help lenders of agency loans defend against potential losses, indemnifications and repurchase demands. The program, QC Review, enables lenders to run pre-closing quality assurance and post-closing quality-control tests to ensure that loans they originate meet Fannie Mae, Freddie Mac and FHA/VA requirements. QC Review’s comprehensive ...

Fannie Mae and Freddie Mac customer buybacks totaled $1.269 billion during the second quarter of 2014, according to an Inside Mortgage Trends analysis of Securities and Exchange Commission disclosures made by the two government-sponsored enterprises. Lender buybacks had declined to just $522.5 million in the first three months of 2014, but the repurchase volume jumped 142.8 percent in the second quarter. While Fannie and Freddie reported that they ... [Includes two data charts]