Fannie Mae and Freddie Mac are eliminating or tweaking certain servicing initiatives, the two GSEs announced last week in separate bulletins. Effective Aug.1, the two enterprises have eliminated the complete Borrower Response Package and Delinquency Improvement Performance Standard, and the related incentive and compensatory fee structure.

Cole Taylor Mortgage is talking to several semi-finalists that want to buy the company. Meanwhile, it's business as usual at the bank-owned lender.

The FHA has consulted with the CFPB regarding the impact of faulty TILA disclosures, which could spell trouble for the industry.

PennyMac is once again stepping up to the NPL plate with some major deals. Meanwhile, cash-out refis continue to dwindle.

Increases to home prices and employment rates along with servicers’ loss mitigation activities have combined to reduce delinquency rates to “normal” levels across most of the country, according to industry analysts. However, foreclosures remain a concern, particularly in states with a judicial foreclosure process. The overall delinquency rate fell to 7.38 percent in the second quarter of 2013 from 8.64 percent the previous quarter, according to the Inside Mortgage Finance Large Servicer Delinquency Index based on 17 lenders that service a total of $5.42 trillion in home mortgages. Thirty-to-60-day delinquency rates actually ticked up...[Includes one data chart]

The publicly traded REIT is jumping into the jumbo MBS market with its first deal. Many of the loans come from nonbanks.

The market did not react kindly to PennyMac's announcement about selling more shares of common stock.

If you thought that Bank of America was done selling mortgage servicing rights, think again.

It would appear that the GSE buyback scourge may be winding down. Meanwhile, Fannie Mae has egg on its face over someone it hired.

The PATH Act awaits a vote on the House floor. But Hensarling’s measure is widely viewed as a non-starter in comparison to the Senate’s bipartisan Corker-Warner bill.