CAPITAL HILL REPORT: Shortly before the U.S. Congress vacated the nation’s capital for its spring recess, Sen. Mike Crapo, R-ID, introduced legislation that would require all rules from the Consumer Financial Protection Bureau be evaluated in the 10-year regulatory review process under the Economic Growth and Regulatory Paperwork Reduction Act, which seeks to identify rules that are unnecessary, outdated and overly burdensome. The Dodd-Frank Act already requires the CFPB to similarly review every major rulemaking…

Carrington Mortgage Services announced on Tuesday that it will offer the FHA 203k Full loan program through its national wholesale lending division, which should be especially attractive for first-time homebuyers purchasing a “fixer-upper.”

The latest National Mortgage Settlement data from the Office of Mortgage Settlement Oversight shows that at least 314,485 borrowers received some form of relief from Ocwen and SunTrust combined through the fourth quarter of 2014.

Once again, consumer criticisms about residential mortgages led the decline in both timeframes.

In the end, the residential originator is ceding less authority to the closing agent...

Although Fannie Mae is poised to begin auctioning off some of its nonperforming mortgages, the market continues to be dominated by smaller deals.

ICBA also suggested extending QM exceptions to more community banks by raising the threshold number of loans small lenders can originate each year.

Some banks have already been doing loan closings themselves...

CFPB General Counsel Meredith Fuchs showed little sympathy for lenders worried about TRID's start date, referencing the rule's long implementation period.

The bill would exclude from the calculation insurance and taxes held in escrow and fees paid to affiliated companies...