Despite certain “unique” circumstances under which principal might be reduced on a Fannie Mae or Freddie Mac loan, the government-sponsored enterprises’ blanket prohibition on principal reduction remains in place, according to the GSEs’ regulator. The Federal Housing Finance Agency said it remains true to its long-standing policy despite a recent change in management and in the face of continued calls by progressive groups for the FHFA to embrace the use of principal reduction on GSE-backed loans in foreclosure mitigation. “As outlined in FHFA’s 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, FHFA is...

By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.

Hello, It's Me Again: Your foreclosure notice.

“I don’t see how New York can’t ultimately approve Wells’ sale of servicing to Ocwen,” said one analyst. “I think it’s more a matter of when.”

A formal recorded vote has been requested and at press time was pending before the committee.

Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...

In mid-July senior White House staff, Treasury officials and the staffers from the Council of Economic Advisers met with representatives from a number of industry trade groups to discuss housing finance reform.

One stock analyst told IMFnews: “He hasn’t charged them [Nationstar] because he [Lawksy] doesn’t have anything.”

The CFPB also is proposing that financial institutions provide more information about underwriting and pricing.

Nationstar Mortgage and Walter Investment are the only seller/servicers (counterparties) mentioned by name in the FHFA IG report on nonbank risk.