Fairholme is feeling the heat from investors over poor performance, with Berkowitz noting the fund’s returns have “put us in the dog house.”

Several groups of traditional insurance companies have substantially increased their borrowing capacity from the FHLB system as well.

Currently, employers are required to pay overtime for all employees who make $23,660 or less annually.

Non-traditional forms of credit also will be taken into account on the new product

Among the MI standouts: Arch Mortgage Insurance, which had a hefty 108.9 percent increase in traditional flow business...

Thanks to the MIP cut, it looks like FHA is stealing business away from Fannie Mae...

Impac sold a large block of MSRs in 4Q, which boosted profits.

A smart political move? Ocwen's board now includes former officials from the U.S. Treasury and FHA.

Commercial banks and savings institutions continued their buying spree in the MBS market during the fourth quarter of 2015, according to a new ranking and analysis by Inside MBS & ABS. Banks and thrifts held a record $1.644 trillion of residential MBS in their available-for-sale and held-to-maturity portfolios as of the end of last year. That was up 2.2 percent from the third quarter and represented a 6.8 percent gain over 12 months. All of the increase came...[Includes two data tables]

Morningstar Credit Ratings changed the way it rates residential MBS to allow credit for mortgage insurance. After getting a number of inquiries about the use of mortgage insurance in new MBS, the firm said it decided to enhance its methodology to provide a clearer framework for how the ratings agency approaches mortgage insurance. While mortgage insurance does not necessarily affect a borrower’s probability of default, it may decrease loss severities, according to Morningstar. “Our methodology now gives credit to mortgage insurance in some cases up to the AAA ratings level,” said Brian Grow, managing director of RMBS for Morningstar. “MI’s potential impact on default is...