A number of significant former members of the American Securitization Forum are working to form a new trade group, with a formal announcement possible as soon as this week. Meanwhile, Tom Deutsch, executive director of the ASF, said his group continues to work with more than 300 members. As many as 30 firms could be a part of a new securitization trade group, with the name “Structured Finance Industry Group” being considered. Wells Fargo has confirmed that it will be a member of the new group. Other firms that recently quit the ASF’s board or otherwise ended their membership with the ASF include...

The chairman of the House Banking Committee wants clarification from the Federal Reserve on the central bank's transfer of funds to the CFPB.

Roughly 9,000 HUD/FHA workers could lose pay under federal sequestration.

Will the White House soon unveil its FHFA director candidate?

Fannie Mae is working on changes that may give some mortgage bankers relief on buybacks.

Wall Street executives involved in MBS fraud may not be off the hook quite yet.

A new Supreme Court opinion may force the SEC to speed up its investigation of certain MBS fraud cases.

The GOP wants to know why the CFPB has spent so much money on outside contractors.

The SEC is investigating Ally Financial's retail lending practices but there are no additional details on the specifics.

Mortgage vendor Lender Processing Services continues to have robo-signing related headaches, thanks to a request from Sen. Ron Wyden of Oregon.