FHFA sued UBS in 2011 over $4.5 billion in RMBS securities that the bank sponsored and $1.8 billion in third party RMBS sold to Fannie Mae and Freddie Mac.

Loan applications are strong at Citadel, a newly launched nonprime lender. HUD goes on furlough for a day.

Nationstar and Ocwen get poor servicing grades from J.D. Power & Associates. Meanwhile, Rep. Mel Watt headed to FHFA? Not so fast...

Sens. Bob Corker, R-TN, and Mark Warner, D-VA, say their mortgage reform measure strikes the right chord between Democrat and Republican concerns.

The MBA believes that the Treasury Department – despite being the GSEs’ single biggest shareholder – has been absent on Fannie/Freddie reform since early 2011.

MBA president Dave Stevens is concerned that events could soon overtake policy makers and force an “imperfect solution” to Fannie Mae and Freddie Mac.

The Senate Banking Committee is expected to advance Rep. Watt’s nomination to the Senate floor, strictly along party lines.

Just as with the Perry GSE litigation, Fairholme’s suit demands that the Treasury amendment to the preferred stock purchase agreement be voided.

Need a zero-down mortgage for $650,000? Another Washington-area credit union steps up to the plate.

A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.