This is what can happen when a federal agency is taken over by someone who once called it a “sick, sad joke.” Consumer Financial Protection Bureau Acting Director Mick Mulvaney this week issued a semiannual report asking Congress to remake the agency and require that major CFPB rules be approved by Congress.

Federal regulators should establish a “regulatory sandbox” to encourage innovation by lenders, according to the Mortgage Bankers Association.

Lenders cited a lack of inventory of homes for sale as one of the major factors limiting demand for purchase mortgages.

Finance of America ranked 22nd among all originators in 2017...

The FHFA’s Office of General Counsel will review all of the comments and report findings...

The authors noted that appraisals associated with management companies may be more prone to contract price confirmation and super-overvaluation.

Acquiring government-insured loans from correspondent lenders has been a huge part of the Ginnie Mae market in recent years…

Cowen & Co. recently updated its forecast on GSE reform passing this year, slashing the odds to just 10 percent.

Fannie Mae and Freddie Mac in the second half of last year saw a rapid growth of loans with high debt-to-income ratios, thanks in part to the so-called GSE patch. The government-sponsored enterprises enjoy a special exemption under the qualified mortgage rule of the Consumer Financial Protection Bureau. To achieve QM status, a loan must have a DTI ratio of 43 percent or less, but if a mortgage is sold to Fannie or Freddie, DTI ratios can be higher. In the second half of 2017, loans with DTI ratios ...

The company said it made the investments because it believed in the future economic prospects of the companies…