Mortgage-bond trustees – including Bank of New York Mellon and U.S. Bank – have agreed to accept JPMorgan Chase’s $4.5 billion settlement offer on behalf of a majority of aggrieved trusts.

Shortly before Congress left town for its annual summertime break, Sen. Mary Landrieu, D-LA, introduced S. 2641, legislation to amend the Truth in Lending Act to provide that residential mortgage loans held in portfolio would be deemed qualified mortgages for purposes of satisfying the requirements of the Consumer Financial Protection Bureau’s ability-to-repay rule.

If consummated, a combined Des Moines-Seattle FHLB would serve more than 1,500 member financial institutions in 13 states.

Has the Federal Housing Finance Agency finally caved on the issue of principal reductions for GSE loans? Not really, but...

The Countrywide purchase, completed in the summer of 2008, has cost BofA close to $60 billion in operating losses and legal settlements, depending on how the numbers are counted.

Texas was the second largest source of Fannie/Freddie business during the first half, accounting for 7.3 percent of the market.

By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.

Hello, It's Me Again: Your foreclosure notice.

In mid-July senior White House staff, Treasury officials and the staffers from the Council of Economic Advisers met with representatives from a number of industry trade groups to discuss housing finance reform.

RPM Mortgage, one of the largest privately held nonbanks in California, has signed a new origination deal with Mechanics Bank, Walnut Creek, CA.