What if the U.S. government actually defaults on its debt – what would that do to the value of MBS and Treasuries held on the balance sheet of banks? You may not want to know the answer.

In light of the court decision in the overtime pay case, the government must either appeal to the U.S. Supreme Court or start a formal rulemaking process to withdraw the 2006 opinion.

An assistant at CashCall tries to clear the air on the lender's sale. Meanwhile, the USDA mortgage program is dead, for now.

Has Paul Reddman given up trying to sell CashCall, the refi specialist? Meanwhile, MBS issuance got whacked in the third quarter.

The U.S. homeownership rate fell to 63.9 percent in 2012, according to figures compiled by the Census Bureau through its “American Community Survey.” In case you’re keeping tabs, it’s the fifth year in a row that the rate has gone south.

As the government shutdown continues and many federal workers go without pay checks, there’s a growing concern that these potential borrowers will see their credit scores get dinged.

Is refi specialist CashCall still on the auction block? It’s hard to say since the company doesn’t return telephone calls about the matter.

The much anticipated announcement on lower GSE loan limits could be pushed back to mid-October.

If the U.S. defaults on its debt payments, will mortgage rates go sky high? Meanwhile, will JPM rescure FHA?

Citadel Servicing CEO Dan Perl said "the phones are ringing like a son-of-a-gun" at his nonprime lending shop.