Fannie Mae and Freddie Mac are expected to pay some $5.6 billion to taxpayers following a “normal” second-quarter earnings period that was largely absent of big-ticket tax breaks or large litigation settlements, the two government-sponsored enterprises announced Thursday morning.

PennyMac Financial Services on Wednesday reported net income of $51.4 million for the second quarter of 2014, prompted by strong originations and servicing.

Wells Fargo lowered the credit score it allows on jumbos the bank acquires from other lenders.

Production of new agency mortgage-backed securities increased by 11 percent over June, according to a new Inside MBS & ABS ranking and analysis.

Officials at Nationstar Mortgage suggest that regulatory issues won't prevent the nonbank servicer from growing.

RPM Mortgage is offering non-QMs for self-employed borrowers and recent retirees.

The New York Fed launched a pilot program for smaller broker-dealers of agency mortgage-backed securities.

The Structured Finance Industry Group issued the first of its proposed standards for non-agency mortgage-backed securities.

Shortly before Congress left town for its annual summertime break, Sen. Mary Landrieu, D-LA, introduced S. 2641, legislation to amend the Truth in Lending Act to provide that residential mortgage loans held in portfolio would be deemed qualified mortgages for purposes of satisfying the requirements of the Consumer Financial Protection Bureau’s ability-to-repay rule.

JPMorgan Chase and Wells Fargo have both paid major settlements regarding FHA lending, and both have curtailed their participation in the program, according to a new analysis of Ginnie Mae data by Inside FHA Lending.