Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...

Despite calls by the industry to improve and clarify the process, the FHA has yet to make a move to meet industry demands for a more detailed defect taxonomy…

According to industry consultant Rick Roque, residential originators are not lowering loan officer compensation quickly enough...

Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.

CBO projects that under current law, the share of new single-family mortgages guaranteed or held by Fannie and Freddie will slowly recede…

But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...

The tax code includes several provisions that address whether the exchange of property is subject to taxation.

Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...

Another piece of the regulatory jigsaw puzzle fell into place this week for the complex effort to create a uniform MBS for Fannie Mae and Freddie Mac to issue in the to-be-announced market.

The Mortgage Bankers Association is seeking clarification from FHA on a number of issues in the agency’s Single Family Housing Policy Handbook following Brian Montgomery’s swear-in as FHA commissioner. The MBA identified seven priority issues which lenders say need further guidance. The issues include the following: Deferred Action for Childhood Arrivals and employment authorization documents; Third-party underwriting and vendor verification of borrower income, employment, and assets; Student loan debt calculation; Rent below fair market; Minimum decision credit scores; Contract for deed; and Community transfer fees. In September 2017, President Trump rescinded DACA, a special program created by the Obama administration to provide temporary legal status and work permits to underage persons who entered the U.S. illegally until the government decides ...