Now that President Obama has signed legislation to cap Fannie Mae/Freddie Mac CEO pay, which GSE chief will leave first?

Fannie Mae last week updated its policies to allow seller/servicers to pledge a transfer of interest in their servicing income as collateral. Now Fannie, Freddie Mac and Ginnie Mae have three different approaches for the pledge of servicing income and/or servicing advances. David Fleig, president and CEO of MorVest Capital, an investment firm, noted that the update by Fannie follows a move by Ginnie. Last year, Ginnie started allowing issuers to pledge servicing income without notifying Ginnie. Fannie’s new policy requires...

Mortgage delinquency rates rose modestly during the third quarter of 2015 as foreclosure rates continued to improve, according to the Inside Mortgage Finance Large Servicer Delinquency Index. Some 5.85 percent of the $5.477 trillion of home loans covered in the survey were in some stage of default as of the end of September. That was up from 5.70 percent in the second quarter. All of the increase came in the two least-severe categories of default. The Mortgage Bankers Association last week reported...

G-fees were tapped in a recent highway transportation bill, but eventually the language was stripped from the measure…

At the CFPB, penalty money comes in, but doesn't necessarily go out very quickly...

As part of his departure package, Raman will receive $600,000 in cash severance payments, payable over 52 weeks, but is walking away from unvested stock appreciation rights.

Hope Now said 75,969 foreclosure sales were completed in the third quarter of 2015, a 15.0 percent sequential decline and down 30.8 percent compared to 3Q14

Xome isn't exactly Uber, said one Nationstar critic...

The HUD IG said it has investigated a number of HECM lenders suspected of using inflated appraisals in refinance transactions.

The CFPB indicated in its recently released 2015 rulemaking agenda that it is continuing to finalize a proposal it published in December 2014 to amend certain aspects of the bureau’s 2013 mortgage servicing rules. The proposal addressed, among other things, enhanced loss mitigation requirements and compliance with certain rules when the borrower is a potential or confirmed successor in interest or is in bankruptcy. “We have been conducting testing of periodic statements for consumers in bankruptcy and are working to develop the final rule for issuance in mid-2016,” the CFPB said. The bureau also will continue working to support implementation of the multiple mortgage rules required by the Dodd-Frank Act, such as the Home Mortgage Disclosure Act rule, the integrated ...