The Democratic proposal calls for private mortgage capital to backstop the first 5 percent of conventional-mortgage securitizations with the remaining 95 percent of risk shared “on a pari passu basis.”

The payment amounts to the borrowers range from several hundred dollars to $125,000, according to the Independent Foreclosure Review audit.

As of May, only three of the loans were 30-days delinquent, with the other once-delinquent mortgages having returned to current status or paid off.

A tax "extender" for mortgage insurance would help an already-healthy MI industry.

It should be noted that after the FHFA IG report was released, the share value of Nationstar, Ocwen and Walter all suffered in trading...

The largest holder of MBS among the 12 regional banks is the Federal Home Loan Bank of San Francisco with $22.02 billion.

Sen. Shelby is an Alabama Republican with a populist streak who is no friend of the GSEs, but he may side with shareholders of the two companies who are getting shafted by Treasury “sweeps.”

In case you haven’t noticed, many mortgage stocks are trading much closer to their 52-week lows than their highs.

The FHFA will weigh the merits of taking legal action against vendors, but could take upwards of 12 months to make a final decision.

In other mortgage-stock news, Ellie Mae Co-founder, Chairman and CEO Sig Anderman has been exercising stock options of late, and selling shares in the company.