Texas, a big market for reverse mortgages, has approved a variation of the product that taps the equity in a senior's home to pay for a new, often smaller, dwelling.

Fannie Mae and Freddie Mac could require an additional bailout of as much as $190 billion in a severe economic downturn, according to the results of stress tests released by the regulator for the U.S.-owned companies.

The proposed federal mortgage guarantor in the Senate reform bill needs 5% hard equity to protect taxpayers, but 10% capital to pass Congress, the Housing Policy Council's John Dalton reckons.

Wells Fargo's loans make up around 20% of the pools referenced in credit risk-sharing transactions issued by Fannie Mae and Freddie Mac through March, according to Fitch.

The company is using proprietary automation to support the channel. Jeff Walsh, who formerly was involved in another wholesale startup, heads the new operation.

First Horizon National Corp. is getting closer to putting its mortgage woes behind it.

The future of housing finance reform remains in limbo on Tuesday, after Senate Banking Committee leaders postponed a key vote on legislation to unwind Fannie Mae and Freddie Mac.

Decreasing mortgage origination volumes were the main driver that contributed to a 6% drop in CoreLogic's first-quarter earnings from a year ago.

The Senate Banking Committee will delay a vote on its highly anticipated legislation to overhaul the housing finance market, a Senate aide confirmed Tuesday morning, just hours before the markup was scheduled to begin.

Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., filed a handful of "too big to fail" amendments Friday to a pending Senate Banking Committee bill to overhaul the housing finance market.

Senate Banking Committee leaders want to win as much support as possible for their housing finance reform legislation before a panel vote on Tuesday, but it's possible that a failure to win over certain members could ultimately assist their cause.

The "5/5" attempts to give consumers more certainty about what they will owe in future years, splitting the difference between traditional ARMs and the more expensive, but lower-risk, fixed-rate mortgage.

There are increasing voices in and out of the Federal Reserve proclaiming the need for more inflation in order to pull the U.S. economy out of its current, sluggish growth cycle.

U.S. prosecutors are seeking more than $13 billion from Bank of America to resolve federal and state investigations of the lender’s sale of bonds backed by home loans in the run-up to the 2008 financial crisis.

The Senate Banking Committee is scheduled to proceed Tuesday with a highly anticipated vote on a bill to overhaul the housing finance market.

Rep. Elijah Cummings, D-Md., is urging the House Committee on Oversight and Reform to investigate why regulators abruptly ended the independent foreclosure review and settled with banks last year.

A key point of contention is the 10 basis point user fee that the proposed Federal Mortgage Insurance Corp. would charge to support affordable housing efforts.

A coalition of more than two dozen conservative groups sent a letter to members of the Senate Banking Committee Wednesday, urging them to vote against a major bill to overhaul the housing finance market.

Private-label residential mortgage securitizations are designed around a strict hierarchy of classes.

Brokers of servicing rights say the overall market remains robust, despite suggestions by Ocwen's William Erbey last week that trades had ground to a halt. Trading of seriously delinquent portfolios has slowed on concerns about increased liability.