PennyMac Financial will resume originating jumbo mortgages in the correspondent channel this year, the lender announced this week. And jumbos will be offered in the broker channel operations recently launched by PennyMac. The House approved a bill this week that would shrink the potential market for non-qualified mortgages. H.R. 1153, the Mortgage Choice Act, was approved on a 280-131 vote with some bipartisan support. The legislation would ... [Includes two briefs]

The names of Fannie Mae executives potentially involved in conflicts of interest were redacted from the report.

House Financial Services Committee Chairman Jeb Hensarling said The Mortgage Choice Act is needed because the CFPB wrote a flawed and problematic definition that grossly miscalculates points and fees...

The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...

In fact, it’s possible the CFPB under Acting Director Mick Mulvaney may just say: never mind.

Issuers cited by Ginnie Mae are expected to deliver a corrective action plan...

The U.S. Court of Appeals for the District of Columbia Circuit last week saved PHH Mortgage and its parent more than $100 million when it sent the lender’s dispute with the Consumer Financial Protection Bureau over issues related to the Real Estate Settlement Procedures Act back to the bureau, basically starting over.

The mortgage industry has another opportunity to help usher in some potentially dramatic differences in the way the Consumer Financial Protection Bureau goes about its business in the post-Richard Cordray era.

As of April 2018, mortgage servicers will have to send monthly billing statements to consumers in active bankruptcy cases…

The trade group chief said uncertainty still exists around FHA loan level certifications…