The Federal Reserve expects to take further action on mortgage risk retention rules in September.

In particular, mortgage industry professionals are focused on third-party-paid charges and seller-paid points in the QM rule.

Although Wells Fargo promised some JVs that everything was "fine" earlier in the year, the megabank is now exiting the joint venture space.

With six months left before a host of rules from the Consumer Financial Protection Bureau kick in, mortgage industry representatives continue to ask for changes and clarifications – including some related to the components of the pending “qualified mortgage” points-and-fees calculation. Early this month, the CFPB formally proposed for public comment amendments to rules issued in January under the Equal Credit Opportunity Act, Real Estate Settlement Procedures Act and the Truth in Lending Act. Much of the focus of the proposed amendments relates to loan originator compensation and mortgage servicing issues. Industry commenters focused...

FHA chief Carol Galante expressed concern about the absence of any provision in the bill that would ensure servicer accountability for their performance.

At the end of April, the re-default rate on HAMP loan modifications topped 46 percent for restructurings completed in 2009.

During the debate, Committee chairman Jeb Hensarling accused Democrats of protecting the status quo by defending the current Fannie and Freddie dominated regime.

Amherst Securities said the risk-share deal was structured in a way that it will likely never take a loss.

Not only have Fannie Mae and Freddie Mac staged a comeback, but so has MGIC. The MI giant finally turned a profit and sees better days ahead.

If the CFPB is successful in its case against Castle & Cook, will the loan officers have to pay back the bonus money?