The Federal Reserve is pointing its finger at both loan officers and applicants for the misreporting of borrower income.

FHA claims it is still endorsing loans but only 2 percent of its staffers are on duty. Also, the USDA mortgage program lies dormant.

All five mortgage servicers participating in the settlement will be subject to tougher testing, said Joseph Smith, the settlement’s monitor.

As the government shutdown continues and many federal workers go without pay checks, there’s a growing concern that these potential borrowers will see their credit scores get dinged.

According to interviews with investors in Freddie Mac’s $500 million Structured Agency Credit Risk bond, 50 different companies bought into the deal.

The U.S. Attorney’s Office for the District of Connecticut, on behalf of the RMBS Working Group, is seeking an order to compel Clayton to cooperate with a subpoena issued in early July.

Wells Fargo is the latest megabank to settle buyback claims with a GSE. Who might be next?

Sources contend that other pending jumbo deals could be reduced in size until the market improves.

Some in the mortgage broker community have suggested that operating as a mini-correspondent could help brokers bypass points-and-fees complications with the qualified mortgage definition under the ATR rule.

A flurry of new SEC filings suggests that Cherry Hill Mortgage Investment Corp. may go public this week, possibly by Friday.