The Federal Housing Finance Agency filed a motion last week to dismiss a lawsuit that was filed by Fannie Mae and Freddie Mac shareholders in Delaware this summer who argued that the Treasury sweep of the government-sponsored enterprises’ profits is illegal under state law. The complaint stated that with Fannie chartered under Delaware law and Freddie under Virginia’s jurisdiction, the preferred stock of a corporation cannot be given a cumulative dividend right equal to all the ...

Interest rates are rising and that means more MSR packages are likely to hit the market.

The HECMs backing the bond are either in default, due and payable, in foreclosure or REO...

Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.

In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.

A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.

At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…

This observer, requesting anonymity, said bluntly that the MBS “trade” is over, a summation that is bolstered in part by so many Wall Street firms either closing their trading desks or scaling back...

The loans to be included in the deal are similar to the types of mortgages that have been included in jumbo MBS issued in recent years.

Industry analysts suggest that while liquidity for new jumbo MBS remains limited, the securities can be a good investment.