Although all of Bank of America earned $2.6 billion in the first quarter, its mortgage business lost money thanks to legacy problems. Also, it appears the bank is addicted to refis.

CEO candidates are being approached by the Federal Housing Finance Agency to run the new single-GSE MBS platform.

The industry is happy that the Home Affordable Refinancing Program has been extended, but it also means that 'HARP 3.0' might not come anytime soon.

It appears that Fannie Mae is dialing back on its plan to sell nonperforming residential loans.

Loan repurchases by seller/servicers fell last year, a sign that the worst of this problem may be over for the industry. Or is that wishful thinking?

Rep. Maxine Waters, the ranking minority member of the House Financial Services Committee, believes that now is "precisely the time to think about how we can reshape the secondary mortgage market."

It appears that well known economist Mark Zandi is indeed a candidate to head the Federal Housing Finance Agency. But will the White House actually nominate him?

The market for residential servicing rights is picking up a full head of steam with several packages out for bid.

Now that Fannie Mae and Freddie Mac are earning a ton of money, who will have a say over what happens to that cash?

The Federal Housing Finance Agency wants Fannie Mae and Freddie Mac to develop contingency plans in case one of their counterparties blows up.