Language in the pending Senate tax bill that could hammer the value of mortgage servicing rights is causing grave concern in the industry and, if the wording remains, nonbank mortgage firms could get hammered financially.

Ginnie Mae will soon announce a series of measures to resolve improper refinancing of VA loans that is causing rapid prepayments in the agency’s MBS, according to Michael Bright, Ginnie’s acting president.

Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…

Acting Ginnie Mae president Michael Bright said the task force is examining critical issues, important data and lender behaviors related to refinancing loans…

Industry lobbyists believe one key legislator in favor of the Ginnie concept is House Financial Services Committee chairman Jeb Hensarling, R-TX…

Service members and veterans who receive unsolicited offers to refinance their VA loans with promises that may sound too good to be true should either ignore the offer or investigate further, ac-cording to the Department of Veterans Affairs and the Consumer Financial Protection Bureau.

For lenders that produce pools with inexplicably fast prepayment speeds, removal from the program is not out of the question, said Ginnie Mae's Michael Bright...

“Basically, David [Kittle] came to the conclusion that it just wasn’t worth the wait,” said one industry lobbyist...

Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…

Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.