Resolution of the Quicken-FHA lawsuit is credit positive for the lender as it removes uncertainty arising from prolonged litigation.

A buyer has emerged for Ditech's reverse lending division. However, it's a "stalking horse" bid, subject to bankruptcy court approval.

Ginnie Mae MBS production rose in April thanks to strong increases in both purchase and refinance business. Rate-term transactions accounted for much of the surge in refi activity, but cash-out deals remain the most prevalent. 

Dozens of VA lenders have been subpoenaed by the US Attorney’s Office in Brooklyn to turn over hundreds of VA loan files in connection with an investigation of their lending practices.

FHA is seeking public comment on a proposed rulemaking as it looks to make permanent its long-running single-family loan sale program.