Secondary

Consolidation among large independent mortgage bankers is likely as several lack the financial wherewithal to deal with the changing environment, Moody's said.

PHH Corp. President and CEO Glen Messina will step down in June at the company's annual meeting.

Private market mortgage insurance companies should better align their buyback and rescission policies with those of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency said.

A bipartisan group of senators told Mel Watt, the regulator who oversees Fannie Mae and Freddie Mac, that he shouldn't allow the companies to recapitalize without congressional approval.

Deutsche Bank is finding that there just isn't enough soured U.S. mortgage debt anymore.

The industry expects to lean on technological efficiencies this year as higher rates and dwindling refinances test their businesses.

Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.

In a bitterly partisan Congress, two senators are making a rare push across party lines to solve a persistent riddle with huge implications for the U.S. housing market: What to do with Fannie Mae and Freddie Mac?

Suspending Fannie Mae and Freddie Mac's regular dividend payments to the Treasury, thus enabling the companies to replenish their reserve capital, would put their future on better footing.