On average FHA took 340 days to sell REO properties based on dispositions from January 2008 through June 2012, compared to just over 200 days for Fannie, Freddie and VA.

NAR's oposition falls primarily in two areas: The PATH Act does not include an explicit federal guaranty and the bill dramatically restructures the FHA.

The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.

The higher MSR values are not surprising, but the level of these increases have some mortgage professionals scratching their heads.

FHFA sued UBS in 2011 over $4.5 billion in RMBS securities that the bank sponsored and $1.8 billion in third party RMBS sold to Fannie Mae and Freddie Mac.

Loan applications are strong at Citadel, a newly launched nonprime lender. HUD goes on furlough for a day.

In what may well be his last appearance before Congress as chairman of the Federal Reserve, Ben Bernanke this week indicated the central bank’s much-debated “tapering” of its massive asset purchase program is likely to begin later this year and then cease altogether by the middle of 2014, assuming the U.S. economy progresses as the Fed anticipates. At the same time, the Fed chief emphasized the Federal Open Market Committee will continue to be flexible in responding to market and economic conditions, all based on the flow of data coming into the committee. Bernanke said the FOMC has made...

HUD thinks random sampling would help make post-endorsement reviews more efficient, but some legal advisors believe the cost is too great.

The Fed chief told elected officials that whatever housing finance reform plan they choose to replace Fannie Mae and Freddie Mac, it should be clear to private investors about the government’s role in the market.

Fear and loathing in the mortgage job market? Movement Mortgage has let several mortgage workers go. Can looser underwriting standards save the day?