Former FHA Commissioner Dave Stevens: “The absence of banks in FHA has been a challenge ever since the False Claims Act was used as an excessive enforcement mechanism, making it far too great a risk to participate in the program.”

The GSE regulator said its expects SOFR ARMs to be delivered in the second half of 2020...

After the FCA payment to Uncle Sam, JPM remained as a correspondent buyer of FHA loans but its Ginnie Mae MBS issuance volume has slipped tremendously…

The fourth-quarter burst of CRT issuance represented a 70.7% increase from the prior period…

The AGs believe depriving the CFPB of its powers would harm the states by eliminating the agency’s independent enforcement efforts and the valuable assistance it provides…

Lenders and servicers that fail to provide their reports to the OCFI in a timely manner may be subject to penalties.

Despite the slippage, Wells and JPM still rank first and second, respectively, in agency servicing…

In the grand scheme of things, longer close times may not seem like a disaster but for nonbanks using warehouse lines of credit that means loans have longer dwell times…

“The next major milestone for FHFA is the re-proposal of the capital rule, which will happen in the near future,” said FHFA Director Calabria.

On his LinkedIn page, Weinbach lists himself as “On Garden Leave.”