The Department of Housing and Urban Development has asked its internal watchdog to make some “minor adjustments” to its recommendations following recent audit findings of inadequate HUD monitoring of servicers’ loss mitigation activities. Commenting on the HUD Inspector General’s report, HUD asked for some minor tweaks so that it can best implement the IG’s recommended changes, which include revisions in the department’s monitoring policies and procedures, development of new policies and procedures for sharing new information, and indemnification and administrative actions. The IG undertook...

Federal banking regulators this week formally proposed changes to capital rules that would give smaller institutions more leeway to hold mortgage-servicing rights. Current rules require banks to take capital deductions for any MSR holdings that exceed 10 percent of tier 1 capital. Some say this requirement has contributed to the banking industry’s retreat from the mortgage servicing business. The proposal would raise...

Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...

Subservicers handle 19.0 percent of all homes mortgages in the U.S., Inside Mortgage Finance found…

Overall, there are 500,000 mortgage properties on the island, according to Black Knight…

So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...

In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…

The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month.

To some, CFPB Director Richard Cordray does not sound like a candidate…

All of the uptick in seller buybacks came from Fannie, where repurchases surged 21.5 percent from the first to the second quarter.