"My understanding is that FHA is planning on releasing supplemental performance metrics to ‘Neighborhood Watch’ to reduce reliance and focus on just a lender’s compare ratio," said Tim Rood.

Most importantly, the ATR proposal would exclude from that limit loans held in portfolio.

The Mortgage Choice Act was passed by the GOP-held House in June, but failed to move through the Democrat-controlled Senate.

Global strategist Peter Schiff, who predicted the housing bust of 2007, sees danger ahead in the U.S. housing market.

Stonegate Mortgage saw its share price fall to a new 52-week low of $9.76 Thursday morning on no major news.

In other words, the bureau is asserting the primacy of its regulatory authority over the legality of certain private contracts.

According to the IMA offering circular, the seller is a “Southwest, independent mortgage banking entity with strong financials and a highly experienced senior management team.”

Elsewhere, the latest figures from the CFPB show a big reduction in consumer belly-aching about loan modifications...

MBA's Dave Stevens did not mince words, calling the CFPB product "the most misleading and inaccurate tool that will do anything but help prospective homebuyers.”

The CFPB and the Maryland AG also took action against former Wells Fargo employee Todd Cohen and his wife, Elaine Oliphant Cohen, for their alleged involvement.