An investor in GSE stock, Continental’s counsel in the case is Cooper & Kirk, the same law firm that represents Fairholme, a large hedge fund that bought up GSE stock last year.

One former CEO candidate told IMFnews that back when he was approached about the job, the starting salary for the position was at least $400,000.

One mortgage executive added: “Watt is trying to do the right thing, but I’m not sure he will get there. It’s good to see the government admit that the pendulum went too far.”

Non-agency MBS sponsors will be allowed to retain the risk portion on vertical or horizontal tranches of the security or a combination of the two.

FIRREA – ushered in during the nation’s savings and loan crisis – has four notable elements which make it an attractive path to prosecution...

After all, didn’t America suffer a housing “depression” because credit was too loose? Some GOP conservatives in Congress live by the edict: those who can own; those who can’t rent…

Servicing brokers expect a land rush of servicing deals before yearend.

Buyers of “bulk” Ginnie mortgage servicing rights will have to meet the test by January 2015.

What does IBM have to do with the mortgage business? Actually quite a bit, IBM is one of Fannie Mae’s largest technology vendors...

In defining misrepresentations, FHFA will set a minimum number of loans that must be identified with one of the six trigger elements.