FHA Commissioner Nominee Brian Montgomery: “To be clear, fraud and misrepresentation have no place in any industry … but I wonder if we haven’t gone too far.”

One dealmaker, requesting anonymity, added: “Why not just sell servicing on eBay? There are reasons the market for servicing is wired as it is.”

Currently, the bureau does not permit title insurance companies to disclose available discounts…

Nearly a dozen industry trade groups sent a letter Tuesday to every member of the U.S. House of Representatives, urging them to support legislative changes to loosen up the points-and-fees cap associated with the qualified-mortgage standard. The legislative vehicle of choice is the bipartisan H.R. 1153, the Mortgage Choice Act (not to be confused with the far more comprehensive, and controversial, Financial CHOICE Act). The measure was introduced in February by ...

CoreLogic also will provide fair-market list prices to HUD…

Look for any principles on GSE reform to avoid specificity so as not to box-in legislation being drafted in Congress…

Moreover, escrowed homeowners insurance premiums may count as “points and fees” due to ambiguous drafting in the regulation…

Who will replace Dave Stevens at MBA? The speculation has already begun...

Mortgage servicing-related gripes fell 26.3 percent in the third quarter…

Speaking at the MBA convention, one executive said that under current rules, bank holdings of MSRs are treated more harshly than holdings of Greek bonds.