The vast majority of community banks plan to continue to offer mortgages even though increased regulation is limiting business, according to a survey conducted by the Conference of State Bank Supervisors. Rules from the Consumer Financial Protection Bureau remain a primary concern, although many community banks already offer loans outside of the standards for qualified mortgages. “Banks continue to see opportunity in residential mortgage lending but have a mixed view of non-QM lending,” according to the report jointly compiled with the Federal Reserve. “Assessing the ability to repay and QM standards against current exposures, bankers generally identified a low level of nonconformance, suggesting the rules may generally be in line with bank practices while still requiring significant changes in operations.” Some 64 percent of the 884 community banks surveyed said...

So, is now a good time to buy into Fannie Mae and Freddie Mac? It's a game not for the faint of heart.

However, a separate lawsuit filed by Pershing Square Capital Management in the U.S. Court of Federal Claims is unaffected by Judge Lamberth’s ruling.

Investors have been scratching their heads over the downdraft at Walter/Green Tree...

To some, the MSR transfer prohibition slapped on Flagstar is similar to the one New York regulators placed on Ocwen Financial regarding the Wells Fargo deal.

One active NPL bidder has been Lone Star Funds, but sources tell IMFnews the hedge fund has been having a “brain drain” of sorts when it comes to talent.

Fannie, Freddie and Ginnie All saw most of their business come from borrowers earning less than $150,000 per year.

Sources close to the matter noted that Ocwen is involved, but it’s not a trade group.

Demand in the fixed-income markets for Ginnie Mae securities continues to increase at home and abroad as the program’s deep liquidity and explicit government guaranty draw more investors, according to agency officials and MBS issuers. The relatively high proportion of purchase-money loans and first-time buyers helped Ginnie edge past Freddie Mac in recent months in terms of new issuance, noted John Getchis, head of Ginnie’s Office of Capital Markets, during the Ginnie Mae Summit held in Washington, DC, this week. “We saw...

At the top of the heap was the Federal Reserve, which boosted its agency MBS portfolio by 3.8 percent during the second quarter.