The lack of a specific computer code for reporting short-sale mortgage transactions is creating numerous false reports of foreclosure on consumer credit reports, inhibiting their re-entry into the housing market, according to lawmakers on Capitol Hill and consumer advocates. Earlier this month, Sen. Bill Nelson, D-FL, dispatched letters to the Federal Trade Commission and the Consumer Financial Protection Bureau citing the “disturbing” consumer credit reporting practice of lumping short sale within the same industry code as a foreclosure in consumers’ credit reports. “If a short sale is reported...

The mortgage M&A market is heating up and not just in the lending space. Moreover, a large insurance company is contemplating an entry into the business.

Ginnie Mae issuers may buy out mortgage loans that are due but unpaid for four consecutive installments even if the borrower has made partial payments.

Analysts at Bank of America Merrill Lynch and elsewhere cite evidence of a “creeping goal line” to move back by 12 months the June 1, 2009, cut-off date for HARP eligibility.

Are Fannie Mae and Freddie mac sitting on huge untapped profits?

Many smaller mortgage lenders are looking for alternatives to selling loans to large national aggregators like Wells Fargo.

Might the controversial "qualified mortgage" rule be repealed? Maybe, if House Republicans have their way.

Will CitiMortgage be an even greater player in jumbo lending with its new CEO?

New York State may be among the worst in the nation when it comes to approving loan officer applications.

Sen. Harry Reid is vowing that CFPB director Richard Cordray will get another vote in the Senate.