“Before a loan closes there will need to be [property] reinspections,” said Pete Mills, senior vice president of residential policy and member engagement for MBA.

Mortgages in the deal were originated by a variety of lenders, none of which were identified…

Pollock criticized the Treasury Department’s decision to pay off $13.5 billion of subordinate GSE debt at the start of the conservatorships nine years ago...

The day before, Cherry Creek Mortgage issued a statement saying it would extend health care benefits to cover same-sex couples “effective immediately.”

A spokeswoman for Fannie said, “While the situation on the ground remains uncertain, areas impacted are subject to change…”

The CFPB is loosening regulations amid rumors that agency Director Richard Cordray may soon depart to run for governor of Ohio…

All asset classes in the ABS market saw reduced bank interest in the second quarter…

The commercial MBS market is facing a new challenge as questions have been raised about the “true sale” treatment of these transactions under generally accepted accounting principles. The issue arises from risk-retention requirements that went into effect in late 2016. “Failure of accounting sale treatment means the selling bank cannot book the gain and does not derecognize the underlying loans resulting in the entire portfolio of loans remaining on its balance sheet for both GAAP and presumably, for risk based capital purposes,” according to the Dechert law firm. In order to benefit from an accounting true sale, each third-party holder of a beneficial interest in the securitization must have...

Credit unions hold the servicing rights to mortgages they originated but cannot buy MSR contracts in the secondary market…

The weighted average servicing fee is 34 basis points, the delinquency ratio 3.13 percent.