Regulation by Mortgagee Letter. The Department of Housing and Urban Development this week urged House lawmakers to grant it statutory authority to make temporary changes to the Home Equity Conversion Mortgage program through mortgagee letters while working to formalize the change through rulemaking. In a hearing before the House Financial Services Subcommittee on Housing and Insurance this week, Charles Coulter, HUD deputy assistant secretary for single-family housing, sought specific authority to limit the amount that may be drawn from ...

Mortgage delinquency rates declined during the first quarter of 2013, according to an index compiled by Inside Mortgage Finance based on 19 lenders that service a total of $6.04 trillion in home mortgages. The overall delinquency rate index fell from 9.47 percent at the end of 2012 to 8.70 percent at the end of the first quarter. That was the lowest level since the third quarter of 2008. There were...[Includes one data chart]

Loan brokerage firms are continuing to hire, even though their market share declined slightly in the first quarter.

One investor paid $100,000 per unit for a special class of Fannie Mae preferred.

Feedback from residential servicers indicates that the number of new loan modifications on mortgages in non-agency MBS this year will be near levels seen last year.

Why is the share price of Fannie Mae's junior preferred stock rising so much? Also, send Freddie Mac "back to the future"?

A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring.

If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.

Income tied to residential servicing was down 27.7 percent for the 10 lenders as a group.

Investors have stepped up to the plate, buying new large bulk MSRs put out for auction by Interactive Mortgage Advisors.