Since the fall of 2008, Treasury has controlled the senior preferred stock in Freddie and Fannie, making the U.S. government the de facto owner of the two - and the linchpin to the housing and mortgage markets.

The Mortgage Bankers Association, for its part, expressed strong support for some provisions of the Hensarling bill…

If Mr. Cooper was the first choice, what were the others?

The transaction was mentioned during New Residential’s earnings call Monday morning and confirmed by a source...

S&P said the revisions are intended to better reflect the evolution of the U.S. residential mortgage market over the past several years…

Stevens credited the Federal Housing Finance Agency with making “significant progress” in fixing the flaws of Fannie and Freddie...

At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…

On the news, Ocwen’s share price was up a stunning 37 percent on the day to $3.15.

The Republicans made a big splash earlier this week promoting the Hensarling bill, motivating the Democrats to employ a parliamentary ploy that has not been used in the committee in 20 years.

S&P Global Ratings proposed changes this week to its criteria for rating non-agency MBS. The changes would provide higher ratings to certain tranches of non-agency MBS backed by new prime mortgages while prompting lower ratings for new issuance backed by seasoned mortgages. The rating service is considering a number of adjustments to foreclosure assumptions, loss severity projections and changes relating to the evaluation of qualitative factors. “The proposed revisions to our methodologies and assumptions are...