Law and regulation

Quality Mortgage Services is offering a tool mortgage banks can use to comply with a new Fannie Mae requirement.

The Department of Veterans Affairs is working on a qualified mortgage rule to prevent any disruption to the VA home loan guarantee program.

Freddie Mac has priced its new 0.875% three-year Reference Notes security due on Oct. 14, 2016 at 99.985 to yield 0.88%.

Many coastal real estate markets are facing a wave of rising flood insurance costs that some fear could collapse property value and drive a new wave of foreclosures.

House Financial Services Committee chairman Jeb Hensarling is preparing to bring his housing finance reform bill to the House floor for a vote this fall.

Syncora Guarantee’s lawsuit accusing JPMorgan Chase unit Bear Stearns of making false and misleading statements connected with a mortgage-backed securities transaction was dismissed on appeal.

While a lot of the president's remarks seem like warmed-up leftovers to those who follow the industry, there were a couple of interesting things a little farther down the prompter.

A group of regulators are planning to make lender-placed insurance policy changes this year, according to the Federal Housing Finance Agency.

Freddie Mac provided $13.5 billion in financing for the multifamily market during the first half of this year, but it plans to cut back in the second half.

Mortgage originators need to have a different mentality when going after purchase business in a rising interest rate environment than when they are chasing business for refinancings in a declining rate world, a pair of consultants to the industry said.

Senate Majority Leader Harry Reid's surprise criticism of President Obama’s plan to unwind Fannie Mae and Freddie Mac has upset the conventional wisdom surrounding housing finance reform.

The president signed the Reverse Mortgage Stabilization bill on Friday and now it is up to HUD to implement the changes which will significantly revamp the FHA Home Equity Conversion Mortgage program.

Everyone is saying we need to get rid of the GSEs because they represent too much risk for the taxpayers.

President Obama’s administration significantly overstated statistics from a year-long mortgage-fraud initiative, including total number of victims, their losses suffered and number of individuals criminally charged.

For the first time in five years, policymakers appear to have a significant opportunity to enact broad housing finance reform.

Refinancings have fallen off the cliff and the mortgage industry is bracing for a decline in originations.

We're hearing there is a growing consensus that Fannie Mae and Freddie Mac should be wound down and replaced with a new system that relies more on private capital than government guarantees.

Origination News had a roundtable discussion with the officers of the Florida Association of Mortgage Professionals at the group's annual convention in Orlando, covering such issues as rising rates, recovering markets and regulation in the state.

The federal government’s 2009 Home Affordable Modification Program requires the bank to offer permanent adjustments to homeowners who met the terms of a trial-period modification.

PNC Financial Services Group got a U.S. subpoena tied to foreclosure expenses on federally backed home loans and said two agencies are investigating whether its mortgages were unfairly priced.