Quicken Loans said it will be evaluating whether it should continue participating in the FHA single-family mortgage insurance program after the federal government formally accused the lender of improperly originating and underwriting mortgages that cost the FHA losses in paid claims. The Detroit-based mortgage lender two weeks ago took the unprecedented step of filing a lawsuit against the government for alleged harassment in what it deemed a long-running fishing trip to drum up charges against the company. Last week, the empire struck back. The Department of Justice filed...

But not to worry: the FHFA said the projections were mandated under the Dodd-Frank Act, cautioning that its estimate is just that, and not an expected outcome….

Freddie Mac securitized just $12 million of purchase mortgages with loan-to-value ratios of 96 percent or 97 percent during the first quarter.

The number of branch licenses for mortgage originators increased by 12 percent to 43,381.

Few in the industry believe Quicken will actually bolt the FHA program, noting that similar saber-rattling was done by JPMorgan Chairman and CEO Jamie Dimon last year...

Nationstar will take title to $6.7 billion of Fannie Mae, Freddie Mac and private investor product owned by EverBank...

Among other issues, the SIGTARP cited Green Tree's recent $63 million servicing settlement with the CFPB and Federal Trade Commission.

It’s likely that provisions to automatically designate residential loans held in portfolio as qualified mortgages will be included in a legislative package...

Another post-crisis trend is that the volume of Fannie’s multifamily financing had shrunk more than Freddie’s...

Quicken made news earlier in the year when it heavily promoted to loan brokers a 60-hour LPMI “sale” committing coverage for $100 million in originations.