Private investors in Fannie Mae and Freddie Mac stock are raising concerns about the expansion of risk-transfer activity at the two government-sponsored enterprises, warning that it should not be viewed as the answer to housing reform. The credit-risk transfer programs are often cited as a path to housing finance reform because they bring new private capital to the mortgage business, laying off some of the risk held by the GSEs and, ultimately, by taxpayers. “Some have suggested...

The trade group quickly found a villain for the ugly reading: the Oct. 3, 2015, effective date of the CFPB’s TRID rule.

As one JPM competitor noted: “It’s no surprise that correspondent led the way for them. They own the correspondent jumbo market.”

In 3Q, BofA funded $13.71 billion of first liens, a 14 percent sequential decline. All of it came through the retail channel.

Bank of America said it will discontinue all “space rental agreement programs due to recent regulatory developments.”

Moody’s found that completed foreclosures for bank-serviced loans in Florida averaged 1,077 days or three years...

Meanwhile, it would appear that the revolving door for mortgage CEOs might be taking another spin soon...

Sen. Corker, a Republican from Tennessee, no longer wants to kill Fannie and Freddie outright...

Actual GSE sales volume for the top five was down 2.2 percent from the second quarter, but overall Fannie/Freddie business was down slightly more, 3.8 percent.

One mortgage manager, requesting anonymity, said, “We are about to initiate a scorecard now.”