Statistical sampling, which gained widespread acceptance in MBS repurchase cases after the housing crisis, is being rejected in many courts today, legal experts say.

Lennar said the mortgages funded by its affiliate were “originated and sold in prior years.”

The provisions would seem to eliminate income from mortgage banking from receiving the full benefits of the deduction.

As for the FHFA position, several trade group chiefs fear that once Watt departs, the FHFA will be put in the hands of a Mick Mulvaney-type...

Legislation that would define loans held in portfolio by smaller banks as qualified mortgages garnered unanimous support at a markup in the House Financial Services Committee last week. H.R. 2226, the Portfolio Lending and Mortgage Access Act, was approved on a 55-0 vote. The bill has been kicking around in Congress for years and was modified at the markup to help win support in the Senate. Rep. Andy Barr, R-KY, introduced the legislation. He said it will “expand access to ...

In a statement issued to Inside Mortgage Finance, Sen. Mark Warner, D-VA – a key player in the process – said he is still interested in the topic, noting the panel wants a...

The agency wants feedback on its “processes for initiating” investigations…

LendingTree’s price-to-earnings ratio is in nose bleed territory and short-sellers smell blood…

There could be substantial revisions to some major mortgage-related rulemakings from the Consumer Financial Protection Bureau under the direction of Acting Director Mick Mulvaney, such as the ability-to-repay rule and the mortgage servicing rules.

While the House Financial Services Committee was busy last week passing a handful of mortgage-related bills, the full House passed legislation that would eliminate additional Home Mortgage Disclosure Act reporting requirements for smaller banks and credit unions as well as nonbanks.