An intensive burst of lobbying helped mortgage servicers avoid adverse consequences in the tax reform bill passed by the Senate late last week. But housing-industry representatives continue to warn that the legislation would lead to home-price reductions and reduce incentives for homeownership.

Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.

The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…

However, Hensarling is adamant that the plug be pulled on Fannie Mae and Freddie Mac...

Wells Fargo reported a huge drop in mortgage banking income, but the rest of the top five banks all posted increased earnings from their operations…

But news of the settlements wasn’t doing much for their stock prices. Both were down slightly on the day.

We understand that a fairly large bulk portfolio of mortgage servicing rights might be hitting the auction block soon...

The MSR-saving amendment fixing the tax language was offered by Sen. Mike Rounds, R-SD...

Lobbyists and others tracking the effort told this newsletter that those who’ve been shown the legislative language have taken a non-disclosure vow…

Nine senators said they would work to invalidate any new rules issued by the CFPB if Leandra English prevails in her attempts to unseat and replace the bureau’s acting director, Mick Mulvaney...