The Consumer Financial Protection Bureau and 25 states filed amicus briefs in a case pending before the Supreme Court of the United States, Jesinoski v. Countrywide Home Loans Inc., that could resolve a circuit split over the recession of a mortgage under the Truth in Lending Act.

Morgan Stanley is set to issue its first jumbo mortgage-backed security since the financial crisis.

Two of the 12 Federal Home Loan Banks announced last week they are deep into merger talks that, if consummated, would create the largest single entity within the FHLBank system. The proposed merger of the FHLBank of Des Moines and the smaller, troubled FHLBank of Seattle would create an institution with more than 1,500 member financial institutions in 13 states and three U.S. territories in the Pacific Ocean. “A detailed due diligence process is...

With origination volumes sucking wind this year, plenty of mortgage companies are pondering whether now is the time to sell, but so far few deals of any size have been consummated. That may change in the coming months. On the buy-side, a dozen or so potential acquirers have emerged, including such growth-minded nonbanks as Prospect Mortgage, RPM Mortgage – both of which are based in California – and possibly AmeriSave Mortgage of Atlanta. Also, Willie Newman, the former CEO of Cole Taylor Mortgage, has teamed up...

The Structured Finance Industry Group issued the first of its proposed standards for non-agency mortgage-backed securities.

Production of new agency mortgage-backed securities increased by 11 percent over June, according to a new Inside MBS & ABS ranking and analysis.

Officials at Nationstar Mortgage suggest that regulatory issues won't prevent the nonbank servicer from growing.

RPM Mortgage is offering non-QMs for self-employed borrowers and recent retirees.

The New York Fed launched a pilot program for smaller broker-dealers of agency mortgage-backed securities.

Wells Fargo lowered the credit score it allows on jumbos the bank acquires from other lenders.