The FHFA IG acknowledged the regulator's progress in stabilizing Fannie Mae and Freddie Mac but said the agency “can do more to enhance its role as conservator and regulator.”

The mortgage M&A market is heating up and not just in the lending space. Moreover, a large insurance company is contemplating an entry into the business.

Ginnie Mae issuers may buy out mortgage loans that are due but unpaid for four consecutive installments even if the borrower has made partial payments.

Thomas Popik, research director for Campbell Surveys, said first-time buyer demand appears to be leveling off due to changes at the FHA.

Analysts at Bank of America Merrill Lynch and elsewhere cite evidence of a “creeping goal line” to move back by 12 months the June 1, 2009, cut-off date for HARP eligibility.

Reps. Shelley Moore Capito, R-WV and Sean Duffy, R-WI, respectively chairman and vice chairman of the subcommittee, had not viewed the CFPB’s analysis on QM.

FHA jumbo lenders produced an estimated $5.44 billion in loans over $417,000 during the first three months of the year.

Sen. Warner recently paid a visit to Freddie Mac employees but offered little information about his pending GSE bill.

Fannie and Freddie were ordered by their regulator to sell illiquid securities. But those bonds may fetch a nice price in the secondary market.

Thanks to coming changes in FHA’s mortgage insurance premium cancellation policy, investors in the secondary market met avoid these loans.