Most Freddie Mac servicers are not complying with reporting requirements that seek to catch servicing fraud and regulatory violations, a mandate that falls under the Federal Housing Finance Agency’s Servicing Alignment Initiative, according to a new audit. The FHFA Inspector General separately slammed the regulator for failing to “thoroughly oversee” how the two government-sponsored enterprises monitor their seller/servicers’ compliance with contractual agreements.

Try as they might, the government cannot keep a good MI program down. FHA endorsements rose almost 19 percent in January.

Residential loan production for 2013 may turn out to be better than originally projected, thanks to a vastly improved purchase-money business.

Interest-only lending picked up steam in 2012 despite new regulations that make the loans less attractive from a 'qualified mortgage' point of view.

Holding fixed-rate mortgages in portfolio was considered a dangerous practice for depositories, but no more.

The FHLB's MPF Xtra program – an alternative to the legacy Mortgage Partnership Finance program – saw volumes spike to $6.9 billion in 2012.

As part of the budget, an amendment passed the Senate that would prevent any hike in g-fees for non-housing issues.

With Senate Republican opposition to the structure of the CFPB showing no signs of faltering going into Congress’ spring break, speculation has begun to shift to what might happen at the bureau should the GOP again succeed in blockading Richard Cordray’s nomination as head of the bureau. The Democrat-controlled Senate Banking, Housing and Urban Affairs Committee last week approved, as expected, President Barack Obama’s nomination of Richard Cordray to be the director of the CFPB for a full, five-year term...

The National Labor Relations Board announced earlier this month that it will not seek en banc rehearing in Noel Canning v. NLRB, in which the U.S. Court of Appeals for the District of Columbia affirmed that President Barack Obama’s Jan. 4, 2012, recess appointments of three members to the board were unconstitutional. “The board, in consultation with the Department of Justice, intends to file a petition for certiorari with the United States Supreme Court for review of that decision,” the NLRB said. The petition is due...

The CFPB recently announced regional directors in its Office of Supervision Examinations. Edwin Chow, in the West region, is one of the founding staffers of the CFPB, and he joined the implementation team in September 2010. He brings 26 years of experience serving as acting regional director, regional deputy director, and assistant regional director with the Department of the Treasury’s Office of Thrift Supervision and the Federal Home Loan Bank Board San Francisco office. Anthony Gibbs, in the Midwest region, is the newest...