Housing finance groups are concerned that the Federal Housing Finance Agency’s idea to better serve borrowers with limited proficiency in English by adding a language preference question to loan applications could create a host of legal challenges and systemic risks. A year ago, the FHFA decided to defer a plan to include a question about a borrower’s language preference on the uniform residential loan application, and gather more input instead. The agency specifically asked for information on potential short-term and long-term improvements to help borrowers not fluent in English better understand the mortgage process. And from the looks of the comments, it appears...

Bank of America reported $230.0 million in combined second-quarter mortgage-banking income, a hefty 88.5 percent increase from the previous period.

Watt noted that, “Some lenders are finally showing more willingness to extend credit to borrowers who meet the broader credit criteria reflected in the enterprises’ credit boxes…”

Cowen & Co. analyst Jaret Seiberg believes the Senate Banking Committee remains on track to unveil GSE reform legislation late in the fourth quarter...

In past SEC filings Radian hinted that a write-down tied to its 2014 $305 million purchase of Clayton might be in order, but the company never pulled the trigger.

Freddie expects to make a $2 billion dividend payment to Treasury – the holder of its senior preferred stock – sometime in September.

Freddie Mac CEO Don Layton: "The fundamentals are strong and residual flaws are gone..."

The noted research firm found that mortgage customers feel as if their servicers are more focused on profit than giving top-notch customer support...

“Some lenders are finally showing more willingness to extend credit to borrowers..." said FHFA Director Mel Watt.

The CFPB Office of Inspector General has taken on a new planned project to evaluate the effectiveness of efforts by the bureau’s Office of Consumer Response to share complaint data within the regulatory agency, according to the latest OIG work plan, released last week. “Specifically, this project will examine the extent to which [the Office of] Consumer Response is achieving its objective to share useful complaint data and analysis with internal stakeholders and Consumer Response’s controls over access and distribution of shared complaint data, which can contain sensitive consumer information,” the OIG said.The Office of Consumer Response is responsible for sharing complaint data with internal stakeholders within the CFPB in order to help the bureau supervise companies, enforce federal ...