MBA's Stevens once again slams those in favor of a GSE “recap and release” plan, saying this group consists “primarily [of] stock speculators who are most concerned about personal profits” rather than the future of the U.S. housing system.”

Entering a future downturn with “extensive short-funded, long-asset positions would be imprudent,” said FHFA Director Mel Watt.

In the new Trump budget, the White House takes an ax to the USDA’s rural single-family housing direct loan program.

PHH Mortgage continues to ooze losses as well…

Meanwhile, although GSE risk sharing seems popular in some circles, FHFA itself admitted recently that some of this coverage has come at premium cost to Fannie and Freddie.

California accounts for the largest chunk of receivables at 34.9 percent.

The law professors believe the CHOICE Act would take the mortgage industry back to the recent past, which was characterized by risky lending and lax regulatory oversight.

Sam Kazman, general counsel for the Competitive Enterprise Institute, says the hearing involves fundamental issues about the basic structure of our government…

A new research note from Wedbush Securities calls PHH an “outperform,” but also reduces the target price on the company’s stock...

The CFPB responded that “none of the identified opportunities for improvement ever resulted in any breach of confidential information outside the bureau.”