Turner looks likely to easily be confirmed to run HUD, based on his reception by the Senate Committee on Banking, Housing and Urban Affairs.

It would take Congressional action to create an explicit guarantee, a scenario almost no one expects to happen.

The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.

Mortgage-banking revenue was off due to lower originations and hedges tied to MSRs.

Banks and thrifts repurchased $213.6 million of single-family mortgages during the third quarter, an 11.5% decline from the previous period.

Chase expects a limited financial impact on its business from the LA-area wildfires.

Originations at the two big banks increased by around 7% on a quarterly basis in the fourth quarter.

The analysts said only legislation by Congress can address the government guarantee currently applied to Fannie Mae and Freddie Mac.

No longer is it a given that the Federal Reserve will cut short-term rates twice this year. And the 10-year Treasury rate is elevated.

A coalition of 23 housing groups offered an enthusiastic endorsement of Scott Turner as secretary of the Department of Housing and Urban Development.