To reach their statutory minimum capital levels, Fannie and Freddie may only need to accrue an extra $16 billion and $14 billion respectively, based on the size of their current capital buffer plus retained second-quarter earnings.

A New York district court has ruled against Bank of America in a case relating to interest payments on escrow accounts.

Analyst Richard Bove thinks the new net worth sweep agreement is just a gimmick because the liquidation preference on Treasury’s preferred stock will offset any increase in the GSEs’ capital buffers.

Even though the Fifth Circuit Court of Appeals agreed that the structure of the FHFA is unconstitutional, GSE shareholders have petitioned for a Supreme Court review of their case.

Eli Global, the owner of three active mortgage lenders, has a new name — Global Growth — and a new chairman — George Vandeman. Meanwhile, founder Greg Lindberg remains the sole owner of Eli.

The CFPB released three policies this week to help lenders test innovative products. The bureau is also making joint efforts with at least seven state attorneys general to help improve coordination among regulators.

The government-sponsored enterprises’ shareholders are hoping the Fifth Circuit’s decision holding the FHFA structure unconstitutional means the so-called net worth sweep may be invalidated.

The success of the mortgage giant’s settlement with creditors depended on its assertion that the sale of its assets was part of its reorganization plan rather than Chapter 11 proceedings.

After a court case didn’t go the agency’s way, HUD has promised to follow proper procedures on downpayment assistance rulemaking.

An appeals court ruled in favor of Ocwen, finding that statements made by company officials were mere puffery that investors should not have relied on.