FBR believes continued changes at FHA will benefit private mortgage insurers...

The U.S. Court of Appeals for the Fifth Circuit rebuffed arguments that would have subjected mortgage lenders and other secondary-market participants to increased liability under the Equal Credit Opportunity Act. In a published opinion that appeared in the Banking Law Journal, the Fifth Circuit court rejected plaintiffs’ argument that mortgage investors that promulgate discriminatory lending guidelines could be held liable as the original creditor. ECOA prohibits...

It’s Ginnie Mae by a nose: $1.704 trillion in MBS to Freddie Mac’s $1.703 trillion…

Former Ginnie Mae president Ted Tozer stressed the importance of getting the post filled as soon as possible. “The way things are going, by yearend Ginnie will have $2 trillion of guarantees on its books,” he said.

“By limiting the volume of securities that private investors will have to absorb as we reduce our holdings, the caps should guard against outsized moves in interest rates and other potential market strains,” said Fed Chairman Janet Yellen.

The betting is that Bruce Berkowitz and Fairholme plan to ride out their GSE investment to the very end.

Fun fact: Ginnie Mae servicing now represents 16.5 percent of all residential debt outstanding – more than triple the program’s market share at the end of 2008.

Unfortunately, Rood said he’s not at liberty to name names or agencies...

In the first quarter, Amerihome Mortgage had the largest sequential growth rate in USDA lending.

The Ginnie MSR market has been in the tank the past two years, but has revived somewhat this spring…