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.

Primary market originators and due diligence providers say the elusive market in private placement MBS deals has been gaining strength this year. “We’re seeing three to five private deals a month,” said Jeff Taylor, managing partner of Digital Risk, a New York-based risk management and due diligence firm. As for the underlying product, it’s across the board, he added. “It can be jumbo, nonperforming, and re-performing.” But the deals are also much smaller than the rapidly growing public MBS deals. Digital Risk, which conducts due diligence reviews on the underlying collateral, said...

The Federal Housing Finance Agency’s lawsuit against UBS Americas and, by extension, more than a dozen other big banks, in connection with non-agency MBS purchased by Fannie Mae and Freddie Mac will continue after a federal appeals court flatly denied UBS’ bid to dismiss the case. The Second Circuit Court of Appeals upheld a lower court ruling that denied UBS’ motion to dismiss the FHFA’s suit as time barred. In the summer of 2011, the FHFA filed 18 lawsuits in Manhattan federal court against UBS and other big banks on behalf of the GSEs, alleging violations of the federal Securities Act of 1933 for approximately $200 billion in MBS sold to Fannie and Freddie in the years prior to the mortgage market meltdown. The UBS appeal argument largely revolves...