Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.

Mel Watt said he will formally announce the delay in higher LLPAs and g-fees after he is sworn in on Jan. 6, the same day he will resign his House seat.

Will departing FHFA chief Ed DeMarco go work for a hedge fund? Stranger things have happened.

A long running class-action fraud lawsuit on behalf of Fannie Mae investors and accounting firm KPMG was settled.

Limited examination resources and staff turnover at the Federal Housing Finance Agency remain a concern, according to the FHFA's Office of Inspector General.

Ed DeMarco of FHFA pulls a 'Beyonce' with the higher LLPAs. Meanwhile, we're hearing that Met Watt may be sworn in by early January.

Loan broker Anne James, who runs Reliance Funding in Wittier, CA, told us recently that “I have wholesale lenders calling me daily to sign up.” She notes, however that “Loans are not dropping out of the sky” but adds that she’s getting quite a few calls for second mortgages.

Senior lawmakers in the Senate said they remain “bullish” on moving legislation to the floor sooner rather than later in 2014.

Pricing on GSE risk-sharing deals have been attractive, suggesting that each may be scalable to a significant degree.

Guaranty fees are going up next year, but with a new FHFA director set to take over, loan level price adjustments may be altered.