Richmond, CA, is set to become the first city to implement the highly controversial eminent domain plan offered by Mortgage Resolution Partners.

Credit Suisse issued a non-agency jumbo MBS with loans seasoned an average of three months that had interest rates well below current rates.

The Senate won't vote on the nomination of Rep. Mel Watt, D-NC, for director of the Federal Housing Finance Agency, before leaving for its August recess.

Everbank is closing its wholesale business with mortgage brokers.

The Senate appears likely to vote on a number of mortgage-related issues this week.

Small, unidentified lenders are accounting for an increasing share of contributions to non-agency jumbo mortgage-backed securities.

Freddie Mac's CFO said the "true value" provided by the government-sponsored enterprises isn't billions of dollars in profits. Meanwhile, firms continue to pursue mortgage servicing rights.

The Federal Reserve expects to take further action on mortgage risk retention rules in September.

At the end of April, the re-default rate on HAMP loan modifications topped 46 percent for restructurings completed in 2009.

Ocwen will have plenty of "high touch" loans to work on when it finally takes control of the OneWest portfolio. Meanwhile, the second lien market is heating up.