The $93 billion question for Fannie Mae, Freddie Mac, and FHFA: what is a "deferred tax asset" and how can it be used, if at all?

A federal employee union and the Department of Housing and Urban Development have agreed to implement a seven-day employee furlough because of a severe mandatory reduction in HUD’s budget in FY 2013. The seven furlough days, which also will affect FHA operations, will apply to HUD’s entire 9,100-person work force and will be spread out to one for each pay period beginning May 24. HUD initially proposed a 13-day furlough plan, which was to start May 10, but agreed to reduce it to seven days and to move the start date to May 24. Under an agreement between HUD and the American Federation of Government Employees Council 222, furlough days will occur on ...

Nationstar Mortgage, a fast growing residential servicer, is losing the man in charge of default processing at the firm.

Industry veteran Sy Naqvi is stepping down as CEO of PNC Mortgage.

Genworth is losing a top MI executive to a mortgage servicer. And more woes for Chimera...

The Senate Banking Committee, as expected, approved the nomination of Richard Cordray to head the CFPB, but Republicans are not happy about the structure of the young agency.

FHFA chief Edward DeMarco on Tuesday criticized Congress for doing nothing in regard to GSE reform.

Fannie Mae and Freddie Mac and spending a ton of money each year on outside contractors, including technology firms, attorneys and accountants.

Nine Attorneys General, unhappy with the pace of loan modifications, are calling for the immediate dismissal of acting FHFA director Edward DeMarco.

Several members that recently bolted from the American Securitization Forum are forming a new trade group.