“The issues that have impeded the regulators’ ability to conduct electronic examinations must be rectified, and when resolved, will enable a more efficient and timely regulatory process,” said Karyn Tierney, chair of the MMC.

The former CFPB official said non-W-2 borrowers – like the self-employed, retirees and people with seasonal income – account for 30 to 40 percent of applicants for jumbo mortgages...

HLSS also misstated its net income in 2012, 2013 and the first quarter of 2014.

Not only are Fannie Mae and Freddie Mac spending more money than they were a few years ago, but their proposed budgets are being submitted late, says the IG.

Where's the demand? Only seven jumbo MBS were priced during the third quarter.

The use of proprietary mods by banks was essentially level compared with the second quarter of 2014 while the number of HAMP restructurings declined by 42.9 percent.

The deal includes a provision allowing Bayview to sell loans out of the MBS one year from now.

Ginnie Mae executive Michael Drayne raised concerns about the growing reliance on subservicers and whether there’s enough capacity at these companies...

CFPB Director Richard Cordray believes the mortgage industry overreacted on the issue...

Some 71 lenders are contributing loans to the deal, led by Stonegate Mortgage with a 6.9 percent share.