The Community Mortgage Lenders of America said the bill strikes a balance of maintaining safe lending while freeing up resources so more consumers can obtain a mortgage.

Who is Silver Point and why does it now own so much of PHH?

Bids on both packages are due later in the week.

Since the CFPB was born, the cost to originate a home mortgage has exploded...

Wells Fargo handled 20.2 percent of the $841.42 million in agency mortgages outstanding at the end of the second quarter of 2016 that had interest rates between 4.510 percent and 5.000 percent.

With the possibility of investors transferring non-agency servicing rights away from Ocwen Financial, Altisource Portfolio Solution has put an emphasis on providing services to other companies.

The Federal Home Loan Banks’ Mortgage Partnership Finance program and Redwood Trust announced a number of changes this week to the MPF Direct product. Beginning Aug. 31, the loan limit will increase to $2.5 million and hybrid adjustable-rate mortgages will be eligible for delivery. The MPF Direct program was launched in 2014, with a loan limit of $729,750, the high-cost loan limit for the government-sponsored enterprises at the time. In the third quarter of 2015, the loan limit for the product was increased to $1.5 million. The loan limit for cash-out refinances is $750,000. “We continue...

The secondary market in mortgage servicing rights rebounded during the second quarter of 2016 after starting the year with a thud, according to an exclusive Inside Mortgage Trends analysis of mortgage-securities disclosures by Fannie Mae, Freddie Mac and Ginnie Mae. The three agencies saw a combined $42.95 billion of MSR change hands in bulk transactions during the second quarter. That was up 20.6 percent from the first quarter, when ... [Includes two data charts]

Small banks have increased their holdings of mortgage servicing rights in recent years as more of these institutions switched to delivering mortgages directly to the government-sponsored enterprises, according to an analysis by federal banking regulators. Small banks, those with total assets less than $10.0 billion, held 8.0 percent of the banking industry’s total mortgage servicing assets in 2015, up from a share of less than 2.0 percent as recently as 2009. Small banks have increased ...

Unemployment and negative equity have a large influence on a household’s decision to default on their mortgage, but a study by a team of government economists and academics has found that most financially distressed households manage to keep current on their loan. Another surprising finding by the study “Can’t Pay or Won’t Pay? Unemployment, Negative Equity, and Strategic Default” is that strategic defaulters are few and rare despite the publicity they get ...