Housing and Urban Development Secretary Ben Carson told Congress it would cost approximately $500 million upfront to convert FHA’s archaic information technology systems to a modern technology platform.

The Federal Housing Finance Agency reported this week that the GSEs completed 67,569 foreclosure prevention actions in the fourth quarter of 2017.

Former Fannie Mae executive and critic of the government-sponsored enterprises’ credit-risk transfer programs, Tim Howard, said on his blog this week that CRTs only help “sustain what has become a very profitable program for Wall Street firms and capital market investors.”

The mortgage servicing business racked up its third consecutive year of steady growth in 2017.

UBS agreed to a $230.0 million settlement on Wednesday with the New York attorney general to resolve issues with pre-crisis non-agency mortgage-backed securities.

Freddie Mac announced its first non-performing loan sale of the year this week.

Consumers who take part in homebuyer education and counseling classes are more satisfied with the mortgage process.

Former World Acceptance Corp. CEO Janet Lewis Matricciani wants to apply for the position of CFPB director .

GSE buyback volume fell 11.6 percent from the 2016 total, including an 11.4 percent drop from the third to the fourth quarter of last year.

Some 1,348 loans will be included in the issuance, divided nearly evenly between jumbo mortgages and loans eligible for sale to the government-sponsored enterprises.