In a letter to DOJ, Sen. Warren said the federal government could have gotten more for FHA under the False Claims Act’s treble damages provision.

Late this week, some reports surfaced suggesting that an “alternative” proposal could surface, requiring a 30 percent downpayment for QRM status.

CFPB examiners found numerous loss mitigation mistakes, including inconsistent communications with borrowers, spotty loss mitigation underwriting and long application review periods. All this could lead to new regulations for servicers.

Just how brutal will this mortgage correction be? One thing's for certain: loan officers with close ties to Realtors and builders will be golden.

It was the biggest volume of new lending above the conforming loan limit since the second quarter of 2007 – before “emergency” conforming loan limits were authorized by Congress.

Sales-to-list price ratios on non-distressed properties increased for the seventh consecutive month in July to 98 percent, according to new research from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.

A spokesman for Wells Fargo told Inside Mortgage Finance that “most of the displacements were on the fulfillment/processing side” of the business and did not include loan officers.

When LoanDepot and imortgage.com merge don't expect any layoffs to occur. Meanwhile, speculators are shorting PHH's stock.

The $11.6 billion deal resolved Fannie's long-standing claims that BofA sold the GSE defective mortgages and mishandled various loans it serviced for Fannie between 2000 and 2008.

Significant opposition to lowering the GSE loan limits will come from Realtors, home builders and members of Congress on both sides of the aisle.