Former Fannie executive Tim Rood, now chairman and founder of the Collingwood Group, said "the current posture by the administration is pretty indefensible.”

Many left-leaning politicians have complained that Wall Street executives got off the hook for the financial crisis...

Although the bulk market has faced headwinds in recent weeks, the “flow” servicing market has been “robust,” Piercy said.

Industry trade groups are calling for the withdrawal of a proposed servicing rule that would set new deadlines for filing FHA insurance claims and penalize lenders with termination of insurance coverage if they failed to comply. Banks, independent mortgage lenders and credit unions warn that FHA’s proposed changes to its claims regulations could result in higher interest rates, credit restrictions and lenders exiting from the FHA program. Such effects could be magnified in the hardest hit housing markets, particularly in states that have long foreclosure timelines or older housing stock. The FHA proposal addresses...

UST did not identify the mortgage firm selling the product, but described it as “well capitalized” and in “good standing” with Ginnie Mae.

It is unclear how many developments have expired approvals but the number could be significant, Shrum said.

All issuers must comply with the revised requirements, which take effect immediately, in order to remain an eligible participant in the Ginnie Mae program.

The judge presiding over the case ruled that securities law regulates "disclosure of information, not the mismanagement of a company...”

Is the subprime MBS market ready for a revival, at least a small one?

Besides being in charge of retail and correspondent lending, DeVito will oversee sales, operations, quality control, compliance, underwriting and support services.