Expanding Fannie Mae’s and Freddie Mac’s loan modification policy to include principal forgiveness under the Home Affordable Modification Program would generate fewer than 60,000 additional modifications and avoid up to 100,000 defaults, according to the Congressional Budget Office. The Congressional numbers-cruncher concluded that reaching additional borrowers “would require a significant departure” from HAMP’s current eligibility rules. In 2010, the Treasury Department expanded...

A $750 million offering of nonperforming mortgages is expected to go down this week. Meanwhile, NAFCU is mad at FHFA over the QM rule.

Roughly 75 percent of bank loan officers cited put-back risk by Fannie Mae and Freddie Mac as an important factor limiting their current ability or willingness to approve home-purchase loans.

Besides entering the servicing arena, Two Harbors Investment Corp. is building an originator network to issue non-agency jumbo mortgage-backed securities on its own.

Nationstar Mortgage is getting serious about the origination business. On Tuesday it revealed plans to purchase a high-volume call center operation.

The market for securities backed by servicer advances is red hot, but S&P says investors face risks.

The mortgage industry wants lower Fannie Mae/Freddie Mac/FHA loan limits. But will it happen?

Law enforcement officials say some of the nation's megabanks are violating terms of the historic national servicing settlement.

Business must be good for Nationstar Mortgage. The fast growing servicer is trying to pull off a huge debt swap.

A new investment banking firm wants to help nonbanks raise capital.