Some of the improper fee charges were blamed on clerical errors…

Believe it or not, the two mortgage giants are much closer to getting out from under the FHFA’s thumb than most observers expect…

Look out below: Investor/hedge fund titan Leon Cooperman said on CNBC Wednesday morning that if Sen. Elizabeth Warren, D-MA, is elected president the stock market will fall by 25%...

One analyst who has written extensively on the recap-and-release topic estimates the advisory contract could be worth $20 million to $30 million...

One servicing advisor told us he anticipated his clients (smaller shops) would likely take a hit of 2 to 5 bps on their MSRs, but it looks like the big boys are reporting numbers that are worse than that...

The warning comes in the wake of a Government Accountability Office report identifying weaknesses in FHA’s oversight of HECMs, particularly in monitoring, performance assessment and reporting.

Keep in mind that, Ginnie MBS is back-stopped by the full faith and credit of the U.S. government. By comparison, Fannie Mae/Freddie Mac MBS carry an “implied” guarantee.

Those in favor of the concept include: JPMorgan Chase, PennyMac Financial Services, the Housing Policy Council and the Structured Finance Association…

“We’re trying to be holistic about this,” said FHFA Director Mark Calabria, “which obviously means it takes time.”

The lender argued that a financial institution that is subject to a pending enforcement action by an unconstitutionally structured agency is entitled to meaningful relief.