At press time, the firm’s share price was getting crushed, down 25 percent on the day to a new 52-week low of $19.89.

After all, didn’t America suffer a housing “depression” because credit was too loose? Some GOP conservatives in Congress live by the edict: those who can own; those who can’t rent…

Under the CFPB’s new rule, financial institutions will be able to post privacy notices online instead of distributing an annual paper copy.

HUD's Castro noted that the VA program limits its loan guarantee to a maximum of 25 percent, leaving many lenders exposed and reluctant to offer VA-guaranteed loans.

One mortgage executive added: “Watt is trying to do the right thing, but I’m not sure he will get there. It’s good to see the government admit that the pendulum went too far.”

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.