According to Wallison: “There is nothing about the way the government has managed the housing finance system for the last 50 years that would remotely recommend a continuing government role.”

Tuesday’s panel discussion has been dubbed the “think tank” hearing because it includes representatives from the Urban Institute, the Milken Institute and American Enterprise Institute…

The Office of Special Counsel found no evidence that the CFPB's Richard Cordray violated the Hatch Act.

Interestingly, Nationstar, Ocwen and Walter each have embarked on a course of selling their owned mortgage-servicing rights while staying on as a subservicer…

PennyMac estimates by entering the broker space it will gain access to additional 10 percent of the $1.7 trillion loan market.

PennyMac (the REIT) said third quarter results were also affected by the reduced earnings contribution from "our credit risk transfer investments..."

But while Fannie production slumped 11.5 percent, Freddie saw a robust 23.9 percent jump in new issuance in October…

The $1 million cap is grandfathered and will only affect loans taken out after enactment of the bill...

“There was no drama surrounding this meeting of the FOMC,” said Michael Fratantoni, chief economist for the Mortgage Bankers Association.

No immediate successor to Ashmore was named, but whoever the person is they will have to deal with a slumping revenue picture…