Glen Messina is no longer CEO of PHH, but he will be hanging around nonetheless…

A group of servicers and other industry participants is focusing on issues with government-insured mortgages and has plans to simplify servicing practices. The Mortgage Servicing Collaborative was organized by the Urban Institute’s Housing Finance Policy Center. It includes representatives from a number of major servicers along with some officials from trade groups, consumer groups, investors, mortgage insurers, vendors and academics. The goal is...

Maybe GSE 'recap and release' is DOA?

Committee Chairman Mike Crapo, R-ID, listed maintaining the TBA market and the 30-year fixed-rate mortgage among his important principles for reform…

“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.

Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.

The Bureau says it understands the industry’s concerns…

Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…

Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.

Just 18 percent of respondents said they do not want the GSEs preserved in their current state...