Fannie Mae and Freddie Mac shareholders in a class action suit are urging U.S. District Judge Royce Lamberth to reject the government’s request to reconsider his opinion. On Sept. 28, Royce ruled that the Treasury sweep breached an implied covenant of good faith. That ruling paved the way for shareholders to continue their case against the government. But the Federal Housing Finance Agency and the GSEs are challenging that ruling. They filed a motion on Oct. 15 asking for ...

Goldman Sachs has forgiven a total of $78.7 million in principal on 746 first-lien mortgages since Aug. 1, 2018, as it neared fulfillment of a $1.8 billion consumer-relief obligation under two mortgage-related settlement agreements, according to independent monitor Eric Green.

The first move expected is a possible lowering of GSE loan limits...

The CFPB and FHFA have been compiling the survey data but have never released the results.

The implication is that declining originations, plummeting refinancing volume and razor-tight profit margins are causing consternation at Ginnie…

A proposal issued by federal regulators last week to ease certain standards for capital and liquidity will likely prompt banks to reduce their holdings of MBS, according to industry analysts. The complex proposal could prompt a $65.0 billion reduction in bank holdings of MBS, according to estimates by the Federal Reserve and Wells Fargo Securities.

UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...

FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...

Will Rep. Maxine Waters tackle GSE reform?

Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...