As might be expected, Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee, did his best to pummel the CFPB and its Director Richard Cordray during a hearing Wednesday.

The Fed owns roughly $1.7 trillion worth of agency MBS. But don’t expect any wholesale dumping to take place…

Employee turnover is becoming a trend at Walter. Two weeks ago, the company's chief legal officer Jonathan Pedersen resigned.

In an interview, Ocwen’s chief compliance officer said: "We are a fully-transformed company and very anxious to break away from some of the regulatory constraints..."

The media call with Barney Frank was sponsored by the Constitutional Accountability Center, which assisted scores of current and former Democrat members of Congress in filing an amicus brief in defense of the CFPB.

It appears the Trump White House is once again seriously considering Pam Patenaude to be the deputy HUD secretary...

The CFPB noted: “The bureau’s constitutionality has been challenged frequently, but has yet to be addressed by a court of appeals…”

The ultimate goal of the LRS is to reduce lenders’ liability risk and minimize overlays…

Pete Mills of MBA said the revised policy was intended to “take some of the economics out” of serial refinancing…

We've an opinion or two from mortgage lobbyists that Rep. Hensarling might be open to some type of government guaranty on MBS, but how he might agree to such an animal has yet to be revealed…