The Senate on Thursday confirmed Frank Cassidy as FHA commissioner and Joe Gormley as president of Ginnie Mae.

The DOJ has filed charges against four former Tricolor executives for defrauding finance providers and ABS investors by double-pledging collateral and manipulating collateral characteristics.

Mortgages tied to Ginnie Mae accounted for 18.3% of total servicing outstanding at the end of September. Some servicing share shifted away from the GSEs, though Fannie and Freddie still dominate. (Includes two data tables.)

"And you will see this in the new year, I will announce some of the most aggressive housing reform plans in American history," President Trump said.

Refi originations push warehouse lending commitments up during the third quarter. On an annual basis, commitments were up 11.1%, with a handful of warehouse lenders putting a strong emphasis on the business. (Includes data table.)

The House Financial Services Committee approved the Housing for the 21st Century Act on a 50-1 vote.

Locks for mortgages declined by 4.2% on a monthly basis in November, according to Mortgage Capital Trading.

Rep. French Hill, R-AR, prompted the House to draft its own housing legislation rather than approving a Senate package.

UWM is set to buy Two Harbors Investment in a $1.3 billion all-stock transaction; mortgage broker employment increases in October.

Two Harbors held MSRs with a total unpaid principal balance of $175.82 billion as of the end of September.