The banking industry continued to backpedal away from the business of servicing home mortgages for other investors during 2016, according to an exclusive new Inside Mortgage Trends analysis of call-report data....

President Trump began the week by signing yet another executive order to roll back the reach of the federal government – this one promoting “a comprehensive plan for reorganizing the executive branch.” But unlike some of the earlier EOs from the White House, the odds seem to be higher that this one may apply to the Consumer Financial Protection Bureau....

The AGs claimed that the CFPB’s governance structure violates the separation of powers in ways that directly undermine the interests of federalism.

Applications for mortgages related to purchases of new homes in February increased by 16.0 percent from the previous month.

Bank of America initially acquired the mortgages through the bank’s jumbo whole loan purchase program.

Correspondent production of conventional-conforming mortgages increased by 51.9 percent from 2015 to 2016.

Walter also stopped originating reverse mortgages in January.

Fannie Mae is preparing to issue a Connecticut Avenue Securities risk-sharing transaction relating to mortgages with an unpaid principal balance of $39.99 billion.

About one-third of the lenders surveyed by Fannie currently use technology service providers and another third are investigating next-generation technology service providers.

In addition to re-performing mortgages, Mill City Mortgage Loan Trust 2017-1 included some home-equity lines of credit and newly originated mortgages.