The House of Representatives last week passed sweeping legislation that would repeal or modify consumer protection provisions of the Obama-era Dodd-Frank Act, including an overhaul of the Consumer Financial Protection Bureau’s structure and authority as well as changes to the rulemaking process followed by the CFPB and federal banking agencies. The House approved H.R. 10, the Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (CHOICE) Act, on June 8 by a vote of 233-186, along party lines. The bill was sent to the Senate, where Republicans enjoy a narrow majority and would have to win over some Democrats to get the bill through. Under the Republican bill, the CFPB would be renamed...

Walter’s warehouse providers include Wells Fargo and Credit Suisse, among others.

Last year, SoFi received approval to become a Fannie Mae seller/servicer.

And a business plan is born: lending money to real estate agents...

The Treasury Department says it’s possible that originations are being stifled by caps on points and fees charged to borrowers.

The industry is concerned the CFPB rule has the potential to put servicers smack-dab in the middle of some nasty family disputes…

Last month, Federal Housing Finance Agency Director Mel Watt said he’s prepared to allow Fannie and Freddie to build some type of capital buffer to avoid a Treasury draw…

Looks like Fannie Mae's general counsel is headed to the U.S. Treasury...

Proposal appears to be more practical than scorched earth alternative favored by some Republicans.

HUD secretary Ben Carson could implement changes through mortgagee letters to shrink FHA’s role…