Among other things, the Federal Home Loan Banks want to maintain their ability to securitize residential mortgages for their members.

Wells Fargo and Bank of America rank first and second, respectively, among bank home equity lenders, according to exclusive rankings from Inside Mortgage Finance.

What if the U.S. government actually defaults on its debt – what would that do to the value of MBS and Treasuries held on the balance sheet of banks? You may not want to know the answer.

PHH is the latest top ten-ranked residential lender to unveil mortgage layoffs. The workers were given 60-days notice.

Peters Sack of Credit Suisse said the bank portfolio bid is currently much stronger than the economics for issuing jumbo MBS.

As usual, the Federal Housing Finance Agency provided as little detail as possible in its new disclosures on the common securitization platform.

The Supreme Court's decision sends the defendant banks back to federal district court where they will be able to appeal at a later date should an adverse ruling directly affect them.

Some lenders have vowed to close loans without IRS verifications, filling the void by asking for additional and in-depth documentation – but only on retail-sources mortgages.

An assistant at CashCall tries to clear the air on the lender's sale. Meanwhile, the USDA mortgage program is dead, for now.

The top five FHA funders – Wells Fargo, Quicken Loans, Freedom Mortgage Corp., Bank of America and Flagstar Bank – saw their combined originations decline by 5 percent.